Pinnacle West Capital Co. (NYSE:PNW – Get Free Report) declared a quarterly dividend on Wednesday, April 17th, RTT News reports. Investors of record on Wednesday, May 1st will be given a dividend of 0.88 per share by the utilities provider on Monday, June 3rd. This represents a $3.52 annualized dividend and a yield of 4.78%. The ex-dividend date is Tuesday, April 30th.
Pinnacle West Capital has raised its dividend payment by an average of 3.0% annually over the last three years and has raised its dividend every year for the last 12 years. Pinnacle West Capital has a payout ratio of 71.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pinnacle West Capital to earn $4.99 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 70.5%.
Pinnacle West Capital Stock Performance
PNW opened at $73.69 on Monday. Pinnacle West Capital has a fifty-two week low of $65.20 and a fifty-two week high of $86.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.67. The company has a fifty day moving average of $71.88 and a 200 day moving average of $72.11. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.08 and a beta of 0.49.
Analyst Ratings Changes
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Pinnacle West Capital Company Profile
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.
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