Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.83 per share, payable on September 1, 2021, to shareholders of record on August 2, 2021. The company, an energy holding firm based in Phoenix, boasts consolidated assets of approximately $20 billion, with around 6,300 megawatts of generating capacity and over 6,000 employees serving more than 1.3 million customers in Arizona and New Mexico through its subsidiary, Arizona Public Service.

Positive

• Declared quarterly dividend of $0.83 per share, indicating strong shareholder returns.
• Company's consolidated assets total approximately $20 billion, demonstrating substantial financial strength.

Negative

• None.

Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.83 per share of common stock, payable on September 1, 2021, to shareholders of record on August 2, 2021.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $20 billion, about 6,300 megawatts of generating capacity and more than 6,000 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/20210623005971/en/

FAQ

What is the dividend amount declared by PNW?

Pinnacle West Capital Corporation declared a quarterly dividend of $0.83 per share.

When is the dividend payable for PNW?

The dividend is payable on September 1, 2021.

Who are the shareholders of record for PNW's dividend?

Shareholders of record on August 2, 2021, will receive the dividend.

What are the key financial metrics of PNW?

PNW has consolidated assets of approximately $20 billion and a generating capacity of about 6,300 megawatts.