PNM Resources Board Declares Quarterly Dividends for Common Stock and Preferred Series A Stock
The Board of Directors of PNM Resources (NYSE: PNM) today declared the
regular quarterly dividends of $0.125 per share on its common stock and
$1.25 per share on its convertible preferred Series A stock, of which
each share is convertible into 10 shares of common stock. The indicated
annual rate is $0.50 per share of common stock. The dividends are
payable Nov. 18, 2009, to shareholders of record at the close of
business Nov. 4, 2009.
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Background:
PNM Resources (NYSE: PNM) is an energy holding company based in
Albuquerque, N.M., with 2008 consolidated operating revenues from
continuing and discontinued operations of $2.5 billion. Through its
utility and energy subsidiaries, PNM Resources has more than 2,700
megawatts of generation resources and serves electricity to more than
859,000 homes and businesses in New Mexico and Texas. The company also
has a 50 percent ownership of Optim Energy, formerly known as EnergyCo,
which owns nearly 1,200 megawatts of generation. For more information,
visit the company’s Web site at www.PNMResources.com.
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