Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.83 per share, payable on March 1, 2021, to shareholders on record as of February 1, 2021. The company, based in Phoenix, boasts consolidated assets of approximately $20 billion and a generating capacity of about 6,300 megawatts. Its principal subsidiary, Arizona Public Service, serves nearly 1.3 million retail electricity customers in Arizona.

Positive

• Quarterly dividend of $0.83 per share enhances shareholder income.
• Strong consolidated assets of approximately $20 billion.

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 March 1, 2021, to shareholders of record at the close of business on Feb. 1, 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 6,200 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to nearly 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/20201216005987/en/

FAQ

What is the dividend amount declared by PNW?

PNW has declared a dividend of $0.83 per share.

When is the dividend payable for PNW?

The dividend is payable on March 1, 2021.

What is the record date for PNW's dividend?

The record date for the dividend is February 1, 2021.

What are the key assets of Pinnacle West Capital Corporation?

Pinnacle West has consolidated assets of approximately $20 billion.

How much generating capacity does PNW have?

PNW has about 6,300 megawatts of generating capacity.

How many customers does Arizona Public Service serve?

Arizona Public Service serves nearly 1.3 million customers.