PNM Declares Common and Preferred Stock Dividend

Apr 17, 2001, 01:00 ET from Public Service Company of New Mexico

    ALBUQUERQUE, N.M., April 17 /PRNewswire/ -- The Board of Directors of PNM,
 the Public Service Company of New Mexico (NYSE:   PNM), has declared the regular
 quarterly dividend of $0.20 per share on common stock and $1.145 per share on
 the 4.58 percent series of cumulative preferred stock.
     The indicated annual common stock dividend rate of 80 cents per share is
 unchanged from the previous quarter.  The dividend is payable May 18, 2001 to
 shareholders of record on May 2, 2001.
     The dividend on the preferred stock is payable July 15, 2001, to
 shareholders of record on July 1, 2001.
     PNM is a combined electric and gas utility serving approximately
 1.3 million people in New Mexico.  The company also sells power on the
 wholesale market in the Western U.S.  PNM stock is traded primarily on the
 NYSE under the symbol PNM.  For more information about PNM, see the company's
 web site at www.pnm.com/.
 
 

SOURCE Public Service Company of New Mexico
    ALBUQUERQUE, N.M., April 17 /PRNewswire/ -- The Board of Directors of PNM,
 the Public Service Company of New Mexico (NYSE:   PNM), has declared the regular
 quarterly dividend of $0.20 per share on common stock and $1.145 per share on
 the 4.58 percent series of cumulative preferred stock.
     The indicated annual common stock dividend rate of 80 cents per share is
 unchanged from the previous quarter.  The dividend is payable May 18, 2001 to
 shareholders of record on May 2, 2001.
     The dividend on the preferred stock is payable July 15, 2001, to
 shareholders of record on July 1, 2001.
     PNM is a combined electric and gas utility serving approximately
 1.3 million people in New Mexico.  The company also sells power on the
 wholesale market in the Western U.S.  PNM stock is traded primarily on the
 NYSE under the symbol PNM.  For more information about PNM, see the company's
 web site at www.pnm.com/.
 
 SOURCE  Public Service Company of New Mexico