PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend

At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) unanimously voted to increase the company’s dividend payment by $0.06, an 8.1 percent increase, to an indicated annual rate of $0.80 per share of common stock. As a result, the board has declared the quarterly stock dividend of $0.20 per share, payable Feb. 13, 2015, to shareholders of record at the close of business Jan. 28, 2015.

Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2013 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,572 megawatts of generation capacity and provides electricity to more than 746,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.