Public Service Company of New Mexico Declares Preferred Dividend
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Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared a regular quarterly dividend of $1.145 per share on its 4.58% series of cumulative preferred stock.
March 06, 2025 | 9:30 pm
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TXNM Energy's subsidiary, Public Service Company of New Mexico, declared a quarterly dividend of $1.145 per share on its preferred stock, indicating stable financial health and commitment to returning value to shareholders.
The declaration of a regular dividend by a subsidiary reflects positively on TXNM Energy's financial stability and its ability to generate consistent returns, which is likely to have a positive short-term impact on its stock price.
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IMPORTANCE 70
RELEVANCE 80