PNM Boosts Dividend to $0.145 from $0.125

The PNM Resources Board of Directors yesterday unanimously voted to increase the company's dividend payment by 16 percent to an indicated annual rate of $0.58 per share of common stock. As a result, the board has declared the quarterly common stock dividend of $0.145 per share, payable May 15, 2012, to shareholders of record at the close of business April 3, 2012.