ALBUQUERQUE - PNM Resources (NYSE: PNM), an energy holding company, announced today that its Board of Directors has declared a quarterly dividend of $0.3875 per share on the company's common stock. The declared dividend is to be paid on May 10, 2024, to shareholders who are on record as of April 26, 2024.
The announcement comes from the company which reported $1.9 billion in consolidated operating revenues for 2023. PNM Resources operates through its regulated utilities, PNM and TNMP, serving over 800,000 homes and businesses across New Mexico and Texas.
The company's current energy capacity stands at 3.1 gigawatts, derived from a mix of generation and purchased power. Furthermore, PNM Resources has set a target to reach 100% emissions-free generation by the year 2040.
The dividend payment is part of the company's regular quarterly distribution to its shareholders and reflects its ongoing financial practices. Investors and shareholders typically view such declarations as a sign of a company's financial health and stability.
This information is based on a press release statement from PNM Resources. The company's commitment to providing electricity through a mix of resources aligns with its future-oriented strategy to reduce emissions and contribute to a more sustainable energy landscape.
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