PNM Resources (PNM) Raises Quarterly Dividend 5.4% to $0.3875; 3.7% Yield
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PNM Resources Increases Common Dividend 5.4%
December 5, 2023 4:30 PM ESTPNM Resources and Public Service Company of New Mexico Declare Quarterly Dividends
ALBUQUERQUE, N.M., Dec. 5, 2023 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today voted to increase the company's annual dividend payment by $0.08, a 5.4% increase, to an indicated annual rate of $1.55 per share of common stock. The increase is consistent with the company's targeted long-term ongoing earnings per share growth rate of 5%.
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