Pinnacle West Capital Corporation (NYSE:PNW) Announces Quarterly Dividend of $0.93

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be given a dividend of $0.9250 per share by the utilities provider on Tuesday, December 1st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. This is a 1.6% increase from Pinnacle West Capital’s previous quarterly dividend of $0.91.

Pinnacle West Capital has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Pinnacle West Capital to earn $5.59 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 65.1%.

Pinnacle West Capital Stock Up 1.5%

NYSE PNW traded up $1.59 on Thursday, hitting $105.48. 118,324 shares of the company were exchanged, compared to its average volume of 1,229,299. The company has a market cap of $12.78 billion, a PE ratio of 20.19, a PEG ratio of 3.69 and a beta of 0.43. Pinnacle West Capital has a 12 month low of $86.18 and a 12 month high of $111.16. The stock has a fifty day moving average of $97.43 and a 200-day moving average of $101.17. The company has a current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.1% 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, analysts forecast that Pinnacle West Capital will post 4.80 earnings per share for the current year.

About Pinnacle West Capital

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.