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$PNM said its management is expected to affirm its 2017 consolidated ongoing EPS guidance of $1.85-1.90, 2018 consolidated EPS outlook of $1.70-1.80 and 2019 consolidated EPS estimate of $2.00-2.16. The management will meet with analysts and investors this week in California.
PNM, a subsidiary of $PNM, has declared the regular quarterly dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. The preferred stock dividend is payable July 15, 2017, to shareholders of record at the close of business June 30, 2017.
The BoD of PNM, a subsidiary of $PNM, has declared the regular quarterly dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. The dividend is payable on April 15, 2017, to shareholders of record as of March 31, 2017.
$PNM narrowed its 2016 consolidated ongoing diluted EPS outlook to $1.60-1.65 from the previous outlook of $1.55-1.65 per diluted share. The BoD of $PNM lifted the annual dividend by 10% to $0.97 per share of common stock. The quarterly stock dividend of $0.2425 per share is payable on Feb. 13, 2017, to shareholders of record as of Jan. 23, 2017.
$PNM's New Mexico utility, PNM, filed with the New Mexico Public Regulation Commission (NMPRC) its request for an increase in electric rates of $99MM that, if approved, would take effect Jan. 1, 2018. The average system bill impact from this increase would be 11.2%.