Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.85 per share, payable on June 1, 2022. Shareholders of record by the close of business on May 2, 2022 will receive this payment. The company's total assets are approximately $22 billion, with a generating capacity of about 6,300 megawatts and a workforce of nearly 5,900 employees across Arizona and New Mexico. It serves over 1.3 million retail electricity customers in Arizona through its principal subsidiary, Arizona Public Service.

Positive

• Quarterly dividend of $0.85 enhances shareholder income.
• Strong asset base of approximately $22 billion.
• Significant generating capacity of 6,300 megawatts.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.85 per share of common stock, payable on June 1, 2022, to shareholders of record at the close of business on May 2, 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/20220420006137/en/

Media Contact: Alan Bunnell (602) 250-3376

Analyst Contact: Amanda Ho (602) 250-3334

Website: pinnaclewest.com

Source: Pinnacle West Capital Corporation

FAQ

What is the dividend amount for Pinnacle West Capital Corporation (PNW)?

Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.85 per share.

When is the dividend payment date for PNW?

The dividend for PNW is payable on June 1, 2022.

What is the record date for the PNW dividend?

The record date for the PNW dividend is May 2, 2022.

How many customers does Pinnacle West serve?

Pinnacle West serves over 1.3 million retail electricity customers in Arizona.