TXNM Energy's Board Approves Quarterly Dividend Payout
TXNM Energy Declares Regular Quarterly Dividend
Today, the Board of Directors of TXNM Energy, Inc. (NYSE: TXNM) convened at their regular meeting to announce the declaration of a quarterly dividend. This distribution will amount to $0.3875 per share on the company's common stock, demonstrating the firm’s ongoing dedication to returning value to its shareholders.
Dividend Payment Details
The upcoming dividend is set to be payable to shareholders on November 8, 2024. Shareholders must hold their shares by the end of business on October 28, 2024, to be eligible for this payment. With this announcement, TXNM Energy continues to illustrate its consistent growth trajectory and commitment to shareholder returns.
Importance of Dividends
Dividends can be an essential aspect of investment strategies for many investors, particularly those seeking steady income streams. By providing a regular payout, TXNM Energy makes its stock attractive to a broad range of potential investors, including those who may focus on stable and predictable returns.
Company Overview of TXNM Energy
TXNM Energy (NYSE: TXNM) is an energy holding company focused on delivering reliable energy to a vast customer base. The company operates regulated utilities serving over 800,000 homes and businesses across a significant geographical area. Through its subsidiaries, TNMP and PNM, TXNM Energy continues to expand its capabilities and service offerings, aiming for sustainability and customer satisfaction.
Growth and Expansion Initiatives
As TXNM Energy continues to innovate and adapt to the changing energy landscape, it seeks to ensure reliability, efficiency, and environmentally-friendly alternatives. The growth strategies highlight TXNM's commitment not only to its shareholders but also to the communities and environments it serves.
Contact Information for Inquiries
For media and analyst inquiries, TXNM Energy provides dedicated contacts. Lisa Goodman serves analysts and can be reached at (505) 241-216. For media-related concerns, the corporate communications team is available at (505) 241-2783. This open line of communication underscores TXNM Energy's commitment to transparency and engagement with its stakeholders.
Frequently Asked Questions
What is the declared dividend amount for TXNM Energy?
The Board of Directors declared a quarterly dividend of $0.3875 per share.
When will the dividend be paid?
The dividend will be payable on November 8, 2024, for shareholders of record by October 28, 2024.
What services does TXNM Energy provide?
TXNM Energy delivers energy to over 800,000 homes and businesses through its regulated subsidiaries, TNMP and PNM.
How can I contact TXNM Energy for more information?
You can reach Lisa Goodman for analysts at (505) 241-216 or contact corporate communications at (505) 241-2783.
What is the focus of TXNM Energy's growth strategies?
TXNM Energy focuses on sustainability, reliability, and providing efficient energy solutions in response to evolving market demands.
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