PNM Declares Preferred Dividend

ALBUQUERQUE, N.M., Dec. 13, 2016 /PRNewswire/ -- 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 January 15, 2017, to shareholders of record at the close of business January 2, 2017.

Background:
PNM Resources PNM is an energy holding company based in Albuquerque, N.M., with 2015 consolidated operating revenues of $1.4 billion. Through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), PNM Resources has approximately 2,787 megawatts of generation capacity and provides electricity to more than 760,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.

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SOURCE PNM Resources, Inc.