Public Service Company of New Mexico (PNM) has announced the declaration of preferred dividends for its shareholders. The decision was made during a recent meeting of the company’s board of directors. This dividend declaration highlights the commitment of PNM to provide value and returns to its shareholders.
The preferred dividend is set at $1.145 per share and is expected to be paid on October 15, 2021 to shareholders of record as of October 1, 2021. This dividend payment represents the 119th consecutive quarter that PNM has paid dividends on its preferred stock. This consistent track record of dividend payments demonstrates the financial stability and reliability of PNM as a company.
PNM is a public service company that serves customers in New Mexico with electricity and natural gas. The company is committed to providing reliable and affordable energy solutions to its customers while also striving to be a good corporate citizen in the communities it serves. PNM’s declaration of preferred dividends is a reflection of its strong financial performance and commitment to its shareholders.
As a regulated utility, PNM operates under the jurisdiction of the New Mexico Public Regulation Commission. The company follows strict regulatory guidelines to ensure fair and transparent operations that benefit both customers and shareholders. The declaration of preferred dividends is another example of how PNM continues to deliver value to its stakeholders.
In conclusion, PNM’s declaration of preferred dividends is a positive development for shareholders and demonstrates the company’s commitment to providing value and returns to its investors. The consistent payment of dividends reflects the financial stability and reliability of PNM as a company. Investors can look forward to receiving their dividend payment on October 15, 2021.
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