TNP ENTERPRISES ANNOUNCES DIVIDENDS
TNP ENTERPRISES ANNOUNCES DIVIDENDS FORT WORTH, Texas, Nov. 12 /PRNewswire/ -- The board of directors of
TNP Enterprises, Inc. (TNPE) (NYSE: TNP) announced today quarterly dividends of $0.4075 per share of common stock.
Quarterly dividends will be paid on Dec. 15, 1991, to shareholders of record on Nov. 27. This will be the 224th consecutive dividend paid by TNPE or its predecessor companies. TNP Enterprises is the Fort Worth-based holding company of Texas-New Mexico Power Company, an electric utility. At the end of October, TNPE announced a 29 percent increase in consolidated earnings available for common stock for the quarter ended Sept. 30, 1991, compared to the same quarter in 1990. Consolidated earnings available for common stock increased to $11.73 million, or $1.42 per share, for the current quarter compared to $9.09 million, or $1.11 per share, for the same period in 1990. Revenues for the quarter were $132.90 million in 1991, compared to $116.83 million in 1990. -0- 11/12/91 /CONTACT: D.R. Barnard of TNP Enterprises, 817-731-0099, ext. 319/ (TNP) CO: TNP Enterprises, Inc. ST: Texas IN: UTI SU: DIV CK -- NY061 -- 3505 11/12/91 13:35 EST
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|Date:||Nov 12, 1991|
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