TXNM Energy raises annual dividend 3.7% to $1.69 per share

At its regular meeting, the Board of Directors of TXNM Energy (TXNM) unanimously voted to increase the company’s annual dividend payment by 6c, a 3.7% increase, to an indicated annual rate of $1.69 per share of common stock. The increased rate is contemplated within the proposed agreement under which affiliates of Blackstone Infrastructure will acquire the outstanding common stock of TXNM Energy. Quarterly dividends will continue during the pendency of the proposed transaction. Additionally, the board has declared the resulting quarterly stock dividend of 42.25c per share, payable February 13, 2026, to shareholders of record at the close of business January 30, 2026.