Public Service Company of New Mexico Announces Q1 Dividend

Author: Evelyn Baker Updated: 03-06-2025 04:26 PM

Public Service Company of New Mexico Announces Quarterly Dividend

The Board of Directors at Public Service Company of New Mexico, part of TXNM Energy (NYSE: TXNM), has officially declared its regular quarterly dividend. This announcement marks a continued commitment to returning value to shareholders. The declared dividend stands at $1.145 per share, attributed to the company's 4.58 percent series of cumulative preferred stock.

Details of the Dividend Declaration

This quarterly dividend is set to be disbursed on April 15 to all shareholders on record as of the close of business on March 31, a detail crucial for investors looking to capitalize on this opportunity. Such dividends reflect on the company's robust financial health, showcasing its ability to generate consistent returns even amid fluctuating market conditions.

About TXNM Energy

TXNM Energy is a prominent energy holding company headquartered in Albuquerque. It serves a vast customer base, providing reliable energy to over 800,000 homes and businesses across Texas and New Mexico. The company's regulated utilities, TNMP and PNM, play a pivotal role in ensuring energy delivery to their clientele.

Commitment to Sustainability

As the energy sector evolves, TXNM Energy remains committed to sustainability and efficiency. The organization actively explores renewable energy sources, reinforcing its dedication to reducing carbon footprints and promoting environmentally responsible practices. Stakeholders can take pride in the company’s initiatives geared towards a greener future.

Investor Relations and Transparency

TXNM Energy prioritizes transparency and communication with its investors. Their continual updates during earnings seasons help shareholders stay informed. By making strategic decisions, the company aims to foster long-term growth that benefits its investors.

Contact Information

For inquiries, analysts can reach out to:

Lisa Goodman
(505) 241-2160

For media questions, please contact:

Corporate Communications
(505) 241-2743

Frequently Asked Questions

What is the dividend amount declared by Public Service Company of New Mexico?

The declared dividend amount is $1.145 per share for the preferred stock.

When will the dividend be paid?

The dividend will be paid on April 15 to shareholders on record by March 31.

What services does TXNM Energy provide?

TXNM Energy delivers electricity to over 800,000 homes and businesses through its regulated utilities in Texas and New Mexico.

How does TXNM Energy promote sustainability?

TXNM Energy is focusing on renewable energy initiatives and sustainable practices to reduce carbon emissions and promote environmental responsibility.

Who can I contact for more information about the company?

For analyst inquiries, contact Lisa Goodman at (505) 241-2160, and for media inquiries, reach out to Corporate Communications at (505) 241-2743.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.