The Board of Directors of TXNM Energy has voted to increase the company's annual dividend payment by $0.08, representing a 5.2% increase. This raises the indicated annual rate to $1.63 per share of common stock, reflecting the company's commitment to shareholder returns.
As a result of this increase, the board has declared a quarterly stock dividend of $0.4075 per share. This dividend is scheduled to be payable on February 14, 2025, to shareholders of record at the close of business on January 31, 2025.
Additionally, the Board of Directors of Public Service Company of New Mexico, a wholly-owned subsidiary of TXNM Energy, declared its regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock, payable January 15, 2025.
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