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PNM Resources Board Declares Quarterly Dividends for Common Stock and Preferred Series A Stock

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^{Published in Business and Finance on Tuesday, February 17th 2009 at 11:48 GMT, Last Modified on 2009-02-17 11:49:23 by Market Wire}  

ALBUQUERQUE, N.M.--([ BUSINESS WIRE ])--The Board of Directors of PNM Resources (NYSE: PNM) today declared the regular quarterly dividends of $0.125 per share on its common stock and $1.25 per share on its convertible preferred Series A stock, of which each share is convertible into 10 shares of common stock. The indicated annual rate is $0.50 per share of common stock. The dividends are payable May 15, 2009, to shareholders of record at the close of business April 8, 2009.

Background:

PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2008 consolidated operating revenues from continuing and discontinued operations of $2.5 billion. Through its utility and energy subsidiaries, PNM Resources has more than 2,700 megawatts of generation resources and serves electricity to more than 859,000 homes and businesses in New Mexico and Texas. The company also has a 50-percent ownership of Optim Energy, formerly known as EnergyCo, which owns approximately 920 megawatts of generation. For more information, visit the company's Web site at [ www.PNMResources.com ].