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The Board of Directors of PNM Resources (NYSE:PNM) today announced the regular quarterly dividends of $0.125 per share on its common stock and $1.25 per share on its exchangeable preferred Series A stock, of which each share is exchangeable into 10 shares of common stock. The indicated annual rate is $0.50 per share of common stock. The dividends are payable May 14, 2010, to shareholders of record at the close of business April 5, 2010.
About PNM Resources:
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 884,000 homes and businesses in
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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