UPDATE: El Paso Electric Announces 13.6% Increase in Quarterly Cash Dividend

El Paso Electric

today announced that its board of directors approved a 13.6 percent increase in the quarterly cash dividend to $0.25 per share of common stock from $0.22 per share. Today's announcement is the first increase to the dividend since El Paso Electric re-initiated the common stock dividend in the second quarter of 2011. The dividend is payable June 29, 2012 to shareholders of record on June 15, 2012.