Pinnacle West Capital Corporation (PNW) to Issue Quarterly Dividend of $0.91 on June 1st

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.91 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, May 4th.

Pinnacle West Capital has raised its dividend by an average of 0.0%annually over the last three years. Pinnacle West Capital has a dividend payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pinnacle West Capital to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 65.5%.

Pinnacle West Capital Stock Performance

Shares of NYSE PNW opened at $103.49 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $104.92. The stock has a 50 day moving average of $101.05 and a 200-day moving average of $94.15. The company has a market capitalization of $12.53 billion, a P/E ratio of 20.45, a P/E/G ratio of 3.69 and a beta of 0.49.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted ($0.06) EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts predict that Pinnacle West Capital will post 4.7 EPS for the current year.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.