Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.865 per share of common stock. This dividend is set to be paid on June 1, 2023, to shareholders who are on record as of May 1, 2023. The company, based in Phoenix, holds assets worth approximately $23 billion and has a generating capacity of about 6,300 megawatts. It provides retail electricity services to more than 1.3 million customers in Arizona. For more details, visit pinnaclewest.com.

Positive

• Quarterly dividend declared at $0.865 per share, indicating ongoing shareholder returns.
• Company maintains significant asset base of approximately $23 billion.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.865 per share of common stock, payable on June 1, 2023, to shareholders of record at the close of business on May 1, 2023.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $23 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/20230419005995/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 declared by Pinnacle West (PNW) for June 2023?

Pinnacle West has declared a dividend of $0.865 per share for June 2023.

When will the dividend for PNW be paid?

The dividend will be paid on June 1, 2023.

What is the record date for PNW's dividend payment?

The record date for the dividend payment is May 1, 2023.

How many customers does Pinnacle West serve?

Pinnacle West provides retail electricity services to over 1.3 million customers in Arizona.