PNM Resources (PNM) Raises Quarterly Dividend 6% to $0.3075; 2.5% Yield

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Go back to PNM Resources (PNM) Raises Quarterly Dividend 6% to $0.3075; 2.5% Yield

PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend

December 6, 2019 4:27 PM EST

ALBUQUERQUE, N.M., Dec. 6, 2019 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today unanimously voted to increase the company's annual dividend payment by $0.07, a 6.0 percent increase, to an indicated annual rate of $1.23 per share of common stock. This is consistent with the company's target to pay out 50 to 60 percent of annual ongoing earnings. The board has declared the resulting quarterly stock dividend of $0.3075 per share, payable February 14, 2020, to shareholders of record at the close of business February 3, 2020.

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