Pinnacle West Declares Quarterly Dividend

Rhea-AI Summary

Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.85 per share, payable on March 1, 2022, to shareholders of record by the close of business on February 1, 2022. The company, based in Phoenix, operates with consolidated assets of approximately $22 billion and has a generating capacity of about 6,300 megawatts. Pinnacle West, through its subsidiary Arizona Public Service, serves over 1.3 million customers across Arizona.

Positive

• Quarterly dividend of $0.85 represents consistent income for shareholders.
• Consolidated assets amount to approximately $22 billion, indicating strong financial health.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.85 per share of common stock, payable on March 1, 2022, to shareholders of record at the close of business on Feb. 1, 2022.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $22 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/20211215005919/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)?

Pinnacle West has declared a quarterly dividend of $0.85 per share.

When will the dividend be paid to shareholders of Pinnacle West (PNW)?

The dividend will be payable on March 1, 2022.

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

The record date for the dividend is February 1, 2022.

How many customers does Pinnacle West (PNW) serve through Arizona Public Service?

Pinnacle West serves over 1.3 million customers in Arizona.