PNW Dividends
Pinnacle West Capital Corporation (PNW) pays $3.63 in dividends per share, with a current dividend yield of 3.48%. The company has dividend history for 14 consecutive years.
PNW Dividend Summary
3.48%
$3.63
67.62%
Consecutive Years
14
Most Recent Ex-Date
May 4, 2026
Most Recent Payment
Jun 1, 2026
PNW Dividends per Share (Nominal History)
View full nominal table listThis step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.
PNW Dividends CAGR Chart
Pinnacle West Capital Corporation (PNW)
Annual Dividend History
| Year | Dividend/Share | YoY Growth |
|---|---|---|
| 2026(YTD) | $1.82 | — |
| 2025 | $3.60 | +1.70% |
| 2024 | $3.54 | +1.73% |
| 2023 | $3.47 | +1.76% |
| 2022 | $3.42 | +2.25% |
| 2021 | $3.34 | +5.11% |
| 2020 | $3.18 | +6.09% |
| 2019 | $3.00 | +6.11% |
| 2018 | $2.82 | +6.11% |
| 2017 | $2.66 | +5.14% |
| 2016 | $2.53 | +4.98% |
| 2015 | $2.41 | +4.90% |
| 2014 | $2.30 | +4.31% |
| 2013 | $2.20 | +3.89% |
| 2012 | $2.12 | +0.95% |
| 2011 | $2.10 | +0.00% |
| 2010 | $2.10 | +0.00% |
| 2009 | $2.10 | +0.00% |
| 2008 | $2.10 | +0.00% |
| 2007 | $2.10 | +3.70% |
Quarterly Dividend History
| Quarter | Dividend/Share | YoY Growth |
|---|---|---|
| Q2 2026 | $0.91 | +1.68% |
| Q1 2026 | $0.91 | +1.68% |
| Q4 2025 | $0.91 | +1.68% |
| Q3 2025 | $0.90 | +1.70% |
| Q2 2025 | $0.90 | +1.70% |
| Q1 2025 | $0.90 | +1.70% |
| Q4 2024 | $0.90 | +1.70% |
| Q3 2024 | $0.88 | +1.73% |
| Q2 2024 | $0.88 | +1.73% |
| Q1 2024 | $0.88 | +1.73% |
| Q4 2023 | $0.88 | +1.73% |
| Q3 2023 | $0.86 | +1.76% |
| Q2 2023 | $0.86 | +1.76% |
| Q1 2023 | $0.86 | +1.76% |
| Q4 2022 | $0.86 | +1.76% |
| Q3 2022 | $0.85 | +2.41% |
| Q2 2022 | $0.85 | +2.41% |
| Q1 2022 | $0.85 | +2.41% |
| Q4 2021 | $0.85 | +2.41% |
| Q3 2021 | $0.83 | +6.07% |
| Q2 2021 | $0.83 | +6.07% |
| Q1 2021 | $0.83 | +6.07% |
| Q4 2020 | $0.83 | +6.07% |
| Q3 2020 | $0.78 | +6.10% |
Dividend Yield Metrics
- Current Yield
- 3.48%
- Average Yield (TTM)
- 3.48%
- Average Yield (3Y)
- 3.40%
- Forward Yield on Cost (3Y)
- 3.75%
- Forward Yield on Cost (5Y)
- 3.94%
- Forward Yield on Cost (10Y)
- 4.45%
Payout Ratio Analysis
- Payout Ratio (Current)
- 67.62%
- FCF Payout Ratio
- N/A
- Payout Ratio (3Y Avg)
- 71.50%
- Payout Ratio (5Y Avg)
- 71.09%
- FCF Payout (3Y Avg)
- 640.40%
- FCF Payout (5Y Avg)
- 436.10%
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
About Pinnacle West Capital Corporation
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean transmission lines. For distribution, the company maintains about 11,258 miles of overhead lines and an estimated 22,821 miles of underground primary cabling. This network is further supported by 475 owned and managed transmission and distribution substations. PNW possesses or leases roughly 6,323 megawatts of regulated power generation capacity and supplies electricity to an estimated 1.3 million customers. Established in 1985, Pinnacle West Capital Corporation's corporate headquarters are situated in Phoenix, Arizona.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Theodore N. Geisler