Company: PNM Resources Inc. (PNM)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: PNM Resources Inc, or PNMR, is a holding company that owns regulated utility companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produceÊenergy. TNMP owns and operates transmission and distribution servicesÊin small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. -Morningstar.com-
Symbol: PNM
Recent Price: $41.77
Dividends: $1.55
Yield: 3.71%
Sector: Utilities
Industry: Utilities-Regulated Electric
Address & Company Phone #: 414 Silver Ave. SW Albuquerque NM 87102-3289, 505-241-2700
Transfer Agent: Computershare 877-663-7775
Moody’s Rating: Baa3
Minimum & Maximum Investment: $50 – $100,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $50
Fees: Div.: $0 Cash: 6¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+6¢/sh.
52 Week High & Low: $4,943.00, $34.63