Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.865 per share, payable on March 1, 2023, to shareholders of record as of February 1, 2023. The company, based in Phoenix, has assets of approximately $23 billion and operates about 6,300 megawatts of generating capacity, serving over 1.3 million customers in Arizona.

Positive

• Quarterly dividend of $0.865 per share declared.
• Company maintains strong asset base of $23 billion.
• Serves over 1.3 million customers.

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 March 1, 2023, to shareholders of record at the close of business on Feb. 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/20221214005849/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 PNW in March 2023?

Pinnacle West Capital Corporation has declared a dividend of $0.865 per share for March 2023.

When is the dividend payment date for PNW?

The dividend payment date for Pinnacle West is March 1, 2023.

Who is eligible for the PNW dividend?

Shareholders recorded as of February 1, 2023, are eligible for the dividend.

How often does PNW pay dividends?

Pinnacle West generally pays dividends quarterly.