Pinnacle West Capital (PNW) Raises Quarterly Dividend 2.4% to $0.85; 5.3% Yield

Pinnacle West Capital (NYSE: PNW) declared a quarterly dividend of $0.85 per share, or $3.4 annualized. This is a 2.4% increase from the prior dividend of $0.83.

The dividend will be payable on December 1, 2021, to stockholders of record on November 16, 2021, with an ex-dividend date of November 15, 2021.

The annual yield on the dividend is 5.3 percent.

“Despite recent state regulatory decisions and uncertainty that has made it difficult to deliver capital appreciation in the current environment, today’s board action sends a message to our shareholders that their investment in our company and the communities we serve is valued and appreciated,” said Chairman, President and CEO Jeff Guldner. “We have consistently grown our dividend for 10 consecutive years, and we remain committed to providing an attractive yield and long-term growth.”

For a dividend history and other dividend-related data on Pinnacle West Capital (PNW) click here.

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