TXNM Energy Inc. announced that the Board of Directors of Public Service Company of New Mexico has declared a regular quarterly dividend on its 4.58 percent series of cumulative preferred stock. The dividend of $1.145 per share will be distributed to shareholders of record as of March 31, 2026, with payment scheduled for April 15, 2026.
The quarterly dividend declaration reflects the company's continued commitment to returning capital to preferred shareholders. This regular distribution maintains consistency with the established dividend schedule for the cumulative preferred stock series, which carries a stated annual rate of 4.58 percent.
Preferred shareholders will receive notification of the ex-dividend date and other relevant payment details through standard corporate channels. The declaration underscores PNM Energy's approach to managing shareholder returns across its capital structure.