Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corp. (NYSE: PNW) has declared a quarterly dividend of $0.85 per share, payable on September 1, 2022, to shareholders of record by the close of business on August 1, 2022. The company, headquartered in Phoenix, boasts consolidated assets of approximately $22 billion and around 6,300 megawatts of generating capacity, serving over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service.

Positive

• Quarterly dividend increased to $0.85 per share, reflecting financial stability and shareholder value.
• Consolidated assets of approximately $22 billion indicate strong financial foundation.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corp.’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.85 per share of common stock, payable on Sept. 1, 2022, to shareholders of record at the close of business on Aug. 1, 2022.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $22 billion, about 6,300 megawatts of generating capacity and nearly 5,900 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to more than 1.3 million Arizona homes and businesses. For more information about Pinnacle West, visit the company’s website at pinnaclewest.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220622005914/en/

Media Contact:

Alan Bunnell (602) 250-3376

Analyst Contact:

Amanda Ho (602) 250-3334

Website:

pinnaclewest.com

Source: Pinnacle West Capital Corp.

FAQ

What is the dividend amount declared by Pinnacle West Capital Corp. (PNW)?

Pinnacle West Capital Corp. declared a quarterly dividend of $0.85 per share.

When is the dividend payment date for PNW shareholders?

The dividend payment date is September 1, 2022.

What is the record date to receive the PNW dividend?

The record date to receive the dividend is August 1, 2022.

How many customers does Arizona Public Service serve?

Arizona Public Service provides electricity service to over 1.3 million customers in Arizona.