PNM Declares Preferred Dividend

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--

The Board of Directors of PNM, a subsidiary of PNM Resources 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 Apr. 15, 2015, to shareholders of record at the close of business Apr. 1, 2015.

Background:

PNM Resources PNM is an energy holding company based in Albuquerque, N.M., with 2014 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,707 megawatts of generation capacity and provides electricity to more than 753,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.