Pinnacle West Capital Corporation (NYSE:PNW) Announces Quarterly Dividend of $0.91

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Monday, August 3rd will be given a dividend of 0.91 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 3rd.

Pinnacle West Capital has increased its dividend by an average of 0.0%annually over the last three years. Pinnacle West Capital has a payout ratio of 71.7% indicating that 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 Trading Up 1.2%

PNW opened at $105.35 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. Pinnacle West Capital has a 52 week low of $85.32 and a 52 week high of $105.62. The business’s 50 day moving average is $101.77 and its two-hundred day moving average is $97.55. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 3.81 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, 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.