TXNM Energy Announces Preferred Dividend for Shareholders
TXNM Energy Declares Quarterly Preferred Dividend
TXNM Energy, a key player in the energy sector, recently announced that its Board of Directors has declared a regular quarterly dividend of $1.145 per share on the preferred stock. This dividend highlights the company's commitment to providing value to its shareholders.
Understanding the Preferred Dividend
This dividend pertains specifically to the 4.58 percent series of cumulative preferred stock issued by TXNM Energy. It's important for investors to note that the preferred stock dividends are viewed as a stable and secure investment option, often favored by those looking to maintain a steady income stream from their investments.
When is the Dividend Payable?
The preferred stock dividend will be paid to shareholders who are on record as of the close of business on September 30. Subsequently, the payment will be executed on October 15. This timeline gives investors a clear outlook of when they can expect their dividend payouts.
Company Background and Operations
TXNM Energy plays a crucial role in the energy sector, serving over 800,000 residential and commercial customers in multiple states. They provide essential utility services that ensure homes and businesses are powered consistently and reliably.
Services Offered by TXNM Energy
Within their operations, TXNM Energy manages utilities that deliver both electricity and gas services. Their focus on sustainability and clean energy solutions has positioned them as a forward-thinking entity in a modern energy market, striving for operational efficiency and customer satisfaction.
Contact Information for Investor Inquiries
For those looking to reach out with questions or for further information regarding the recent dividend announcement, TXNM Energy provides dedicated channels for both analysts and media inquiries.
Contact for Analysts
Lisa Goodman can be contacted at (505) 241-2160 for any analytical inquiries.
Contact for Media
For media-related questions, Lisa Goodman is also the contact, reachable at (505) 241-2783. Both lines provide an avenue for open communication regarding TXNM Energy's initiatives and updates.
Frequently Asked Questions
What is the amount of the preferred dividend declared by TXNM Energy?
The preferred dividend declared by TXNM Energy is $1.145 per share.
When will shareholders receive their dividend payments?
Dividend payments will be made on October 15 to shareholders recorded by September 30.
Who can I contact for more information regarding the dividend?
For inquiries, you can contact Lisa Goodman at (505) 241-2160 for analysts or (505) 241-2783 for media.
What are the benefits of investing in preferred stock?
Preferred stock typically offers a fixed dividend, which may provide investors with a steady income, making it a secure investment option.
How does TXNM Energy support the environment?
TXNM Energy focuses on sustainable practices and clean energy solutions to minimize its environmental impact while delivering essential services.
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