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PNM Resources raises common dividend 10%

PNM Resources Inc. raised its annual dividend rate 10%, to 97 cents per share from 88 cents per share.

The company will pay the quarterly common stock dividend of 24.25 cents per share Feb. 13, 2017, to shareholders of record Jan. 23, 2017, according to a Dec. 13 release.

PNM Resources also tightened its full-year 2016 earnings guidance range to between $1.60 per share and $1.65 per share, from $1.55 per share to $1.65 per share.