PNM Declares Preferred Dividend
ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- The Board of Directors of PNM, a subsidiary of PNM Resources (PNM), has declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable July 16, 2012, to shareholders of record at the close of business July 2, 2012.
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PNM Resources is an energy holding company based in Albuquerque, N.M., with 2011 consolidated operating revenues of $1.3 billion, excluding First Choice Power. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,530 megawatts of generation capacity and serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. For more information, visit the companys Web site at www.PNMResources.com.
Jimmie Blotter, 505-241-2227
Frederick Bermudez, 505-241-4831
Source: PNM ResourcesCopyright Business Wire 2012