TXNM Energy Increases Common Dividend

Core Points - TXNM Energy has increased its annual dividend payment by $0.08, representing a 5.2% increase, bringing the indicated annual rate to $1.63 per share [1] - The quarterly stock dividend of $0.4075 per share is payable on February 14, 2025, to shareholders of record as of January 31, 2025 [1] - Public Service Company of New Mexico, a subsidiary of TXNM Energy, declared a quarterly dividend of $1.145 per share on its cumulative preferred stock, payable on January 15, 2025, to shareholders of record as of December 31, 2024 [2] - TXNM Energy serves over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [3]