Pinnacle West Capital Corporation (NYSE:PNW) Raises Dividend to $0.93 Per Share

Key Points

• Pinnacle West Capital raised its quarterly dividend 1.6% to $0.925 per share, payable December 1 to shareholders of record November 2. The annualized dividend is $3.70 per share, yielding about 3.5%.
• The dividend appears supported by earnings, with a current payout ratio of 71.7% and an expected future payout ratio of 65.1% based on analysts’ projected earnings.
• Pinnacle West’s shares rose 1.5% to $105.48, while its latest quarterly earnings of $1.43 per share fell slightly short of estimates despite revenue increasing 7.1% year over year to $1.46 billion.

Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be given a dividend of $0.9250 per share by the utilities provider on Tuesday, December 1st. This represents a $3.70 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 1.6% increase from Pinnacle West Capital's previous quarterly dividend of $0.91.

Pinnacle West Capital has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pinnacle West Capital to earn $5.59 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 65.1%.

Pinnacle West Capital Trading Up 1.5%

NYSE PNW traded up $1.59 on Thursday, reaching $105.48. The company had a trading volume of 118,324 shares, compared to its average volume of 1,229,299. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.69 and a beta of 0.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. Pinnacle West Capital has a fifty-two week low of $86.18 and a fifty-two week high of $111.16. The business has a 50 day moving average of $97.43 and a two-hundred day moving average of $101.17.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts forecast that Pinnacle West Capital will post 4.80 EPS for the current year.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation NYSE: PNW is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.

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