🔒
Price chart and 15 days of daily prices
Candlestick chart with moving averages, Bollinger bands and MACD.
Register free to view.
Security Details
- Coupon Rate
- 4.58%
- Liquidation Preference
- $100.00
- Call Price
- $102.00
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 4.58
- Distribution Dates
- 1/15, 4/15, 7/15 & 10/15
- Credit Ratings
- Moody's NR · S&P BB+ (5/21/2023)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 744499880
- Market Cap
- Micro Cap · $8 Million
- IPO
- 1/1/1965
- Parent Company
- PNM Resources, Inc. (PNM)
Business: Public Service Co. of New Mexico, 4.58% 1965 Series, Cumulative Preferred Stock, stated value $100 per share, without sinking fund, redeemable any time at the issuer's option at $102.00 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 4.58% ($4.58) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Public Serice Co. of New Mexico is a wholly-owned subsidiary of PNM Resources Inc. (NYSEL PNM).
Notes: Oct 21, 2020 --- AVANGRID (NYSE: AGR), a leading sustainable energy company, and PNM Resources (NYSE: PNM) announced today that their respective boards have approved the merger of PNM Resources into AVANGRID for an all cash offer for PNM Resources shares at $50.30 per share an $8.3 billion enterprise value transaction.
Company Contact
- CEO
- Patricia K. Collawn
- CFO
- Don Tarry
- Headquarters
- 414 Silver Ave. SW, Albuquerque, NM 87102
- Phone
- 505-241-2700 · Toll-Free 888-342-5766
- Investor Relations
- Lisa Goodman · 505-241-2160 · lisa.goodman@pnmresources.com