Pinnacle West Capital Corporation (NYSE:PNW) to Issue $0.91 Quarterly Dividend

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Monday, February 2nd will be given a dividend of 0.91 per share by the utilities provider on Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, February 2nd.

Pinnacle West Capital has increased its dividend by an average of 0.0%per year over the last three years. Pinnacle West Capital has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pinnacle West Capital to earn $4.53 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 80.4%.

Pinnacle West Capital Stock Performance

Shares of PNW stock traded up $1.04 during trading hours on Thursday, reaching $87.59. 102,443 shares of the company’s stock were exchanged, compared to its average volume of 1,169,332. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.67 and a quick ratio of 0.49. The company’s 50 day moving average is $89.99 and its two-hundred day moving average is $89.93. The company has a market cap of $10.48 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 8.63 and a beta of 0.54. Pinnacle West Capital has a 1 year low of $81.47 and a 1 year high of $96.50.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. Equities research analysts anticipate that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.