Mar 16, 2018   SOURCE: PR NewsWire

PNM Declares Preferred Dividend

PNM Declares Preferred Dividend

ALBUQUERQUE, N.M., March 16, 2018 /PRNewswire/ -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: 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 April 15, 2018, to shareholders of record at the close of business April 2, 2018.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2017 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,580 megawatts of generation capacity and provides electricity to more than 773,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com. 

    CONTACTS:

               Analysts                    Media

               Jimmie Blotter              Pahl Shipley

               (505) 241-2227              (505) 241-2782

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SOURCE PNM Resources, Inc.