Public Service Company of New Mexico Declares Preferred Dividend
The Board of Directors of Public Service Company of New Mexico, a key subsidiary of TXNM Energy (NYSE: TXNM), has recently announced the declaration of a regular quarterly dividend of $1.145 per share on its series of cumulative preferred stock valued at 4.58 percent. This significant announcement highlights the company’s ongoing commitment to rewarding its shareholders.
Dividend Payment Details
The preferred stock dividend is scheduled to be payable on January 15, 2026, to shareholders recorded at the close of business on December 31, 2025. This timeline assures investors of their expected returns and emphasizes the company’s focus on maintaining a steady dividend flow.
About TXNM Energy
TXNM Energy serves as an essential figure in the energy sector, profoundly impacting the lives of residents by delivering energy to over 800,000 homes and businesses across Texas and New Mexico. The company operates through its regulated utilities, TNMP and PNM, which are dedicated to providing reliable energy solutions. By staying committed to service excellence and environmental responsibility, TXNM Energy reinforces its standing as a trustworthy energy provider.
Corporate Responsibility and Community Engagement
Beyond its dividend announcements, TXNM Energy also emphasizes its role in corporate responsibility. The company actively engages with the communities it serves, investing in sustainable practices and supporting local initiatives. This focus not only helps in building a better future but also cements strong relationships with stakeholders.
Company Contacts
For further information regarding the preferred dividend or other inquiries, interested parties are encouraged to reach out to:
Lisa Goodman - Analysts Contact
Phone: (505) 241-2160
Corporate Communications
Phone: (505) 241-2743
Frequently Asked Questions
What dividend was declared by Public Service Company of New Mexico?
The Board declared a quarterly preferred dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock.
When is the dividend payable?
The dividend is payable on January 15, 2026, to shareholders of record by December 31, 2025.
Who is the parent company of Public Service Company of New Mexico?
Public Service Company of New Mexico is a subsidiary of TXNM Energy (NYSE: TXNM).
How does TXNM Energy support its communities?
TXNM Energy engages in community support through sustainable practices and local initiatives, fostering strong relationships with stakeholders.
What services does TXNM Energy provide?
TXNM Energy delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities.
