Utility operator PNM Resources announced today its third-quarter dividend of $0.165 per share, the same rate it's paid for the past two quarters after raising the payout 14% from $0.145 per share.

The board of directors said the quarterly dividend is payable on November 15 to holders of record at the close of business on November 6. The regular dividend payment equates to a $0.66-per-share annual dividend, yielding 3% based on the closing price today of PNM Resources' stock.

PNM Dividend Chart


PNM Dividend data by YCharts.

The article PNM Resources Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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