Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital (NYSE: PNW) has announced a quarterly dividend of $0.88 per share of common stock. This dividend will be payable on September 3, 2024, to shareholders who are on record at the close of business on August 1, 2024.

The company, based in Phoenix, holds consolidated assets worth nearly $25 billion. It operates with a generating capacity of approximately 6,500 megawatts and employs around 6,100 people across Arizona and New Mexico.

Through its principal subsidiary, Arizona Public Service, Pinnacle West serves retail electricity to approximately 1.4 million homes and businesses in Arizona.

For more details, visit the company's website at pinnaclewest.com.

Positive

• Pinnacle West declared a quarterly dividend of $0.88 per share.
• The company has consolidated assets of nearly $25 billion.
• Pinnacle West has a generating capacity of about 6,500 megawatts.
• The company serves approximately 1.4 million homes and businesses in Arizona.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on Sept. 3, 2024, to shareholders of record at the close of business on Aug. 1, 2024.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of nearly $25 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to approximately 1.4 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/20240618317846/en/

Media Contact: Alan Bunnell (602) 250-3376

Analyst Contact: Amanda Ho (602) 250-3334

Website: pinnaclewest.com

Source: Pinnacle West Capital Corporation

FAQ

When will Pinnacle West's (PNW) announced dividend be paid?

The quarterly dividend of $0.88 per share will be payable on September 3, 2024.

What is the record date for Pinnacle West's (PNW) latest dividend?

The record date for the quarterly dividend is August 1, 2024.

How much is Pinnacle West's (PNW) declared dividend per share?

Pinnacle West declared a quarterly dividend of $0.88 per share.

What is Pinnacle West's (PNW) generating capacity?

Pinnacle West has a generating capacity of approximately 6,500 megawatts.

How many employees does Pinnacle West (PNW) have?

Pinnacle West employs around 6,100 people.

How many homes and businesses does Pinnacle West (PNW) serve?

Pinnacle West serves approximately 1.4 million homes and businesses in Arizona.