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Pinnacle West Capital Corporation (PNW) logo

Pinnacle West Capital Corporation

S&P 500
PNW|Utilities|Utilities - Regulated Electric|$99.25|P/E 18.6|MCap 12.0B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

66/ 100Safe

PNW's dividend appears safe and well-supported. Strengths include a 67.3% earnings payout ratio & 51.6% fcf payout ratio. Areas of concern: 2.7x interest coverage & 0.6x current ratio. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Strengths

  • CFO Payout Ratio: 23.6%Operating cash flow strongly supports the payout.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

  • Current Ratio: 0.6xLimited short-term liquidity to meet obligations.
  • Interest Coverage: 2.7xInterest coverage is thin relative to debt servicing.

Payout & Coverage

Safe
Earnings Payout Ratio
67.3%Safe
FCF Payout Ratio
51.6%Safe
CFO Payout Ratio
23.6%Very Safe
Interest Coverage
2.7xWarning

Balance Sheet

Warning
Net Debt / Total Assets
47.6%Caution
Current Ratio
0.6xDanger
Debt-to-Equity
213.0Caution

Profitability

Safe
Return on Equity
9.6%Caution
Operating Margin
11.8%Caution
Gross Margin
37.9%Safe
Profit Margin Stability
StableSafe

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
2.5%Caution
Earnings Stability
GrowingVery Safe

About Pinnacle West Capital Corporation

Pinnacle West Capital Corporation is a prominent utility holding company based in Phoenix, Arizona. Its primary function is to provide regulated electricity services through its principal subsidiary, Arizona Public Service Company, which serves over a million customers in the state. The company plays a crucial role in supporting the energy infrastructure in Arizona, offering both residential and commercial energy solutions across diverse sectors, including industrial and government entities. Known for its commitment to sustainable energy practices, Pinnacle West Capital Corporation actively invests in renewable energy sources and energy efficiency programs. Due to its significant impact on the regional power network and its substantial customer base, the corporation is considered an integral part of the Southwestern U.S. energy market landscape. It engages in generating electricity from natural gas, nuclear, and solar resources, thereby contributing to the reliability and diversity of the power supply. As a major player in the utilities sector, Pinnacle West faces ongoing challenges related to regulatory compliance, environmental stewardship, and evolving energy policies.

Dividend Overview

Dividend Yield

3.65%

Annual Dividend

$3.63

Frequency

Quarterly

Payout Ratio

67.35%

FCF Payout Ratio

51.59%

Stock Price

$99.25

52-Week Range

$85.32 $104.92

Dividend History (2016–2025)

PNW annual dividend per share and yield history

Earnings & Profitability

PNW earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

May 4, 2026

Next Payment Date

June 1, 2026

Dividend Growth

3-Year Dividend CAGR

1.73%

5-Year Dividend CAGR

2.50%

10-Year Dividend CAGR

4.08%

3-Year Total Growth

5.27%

5-Year Total Growth

13.14%

10-Year Total Growth

49.17%

Income Calculator

PNW Dividend Calculator

Total Investment

$9,925.00

Annual Income

$362.50

Quarterly Income

$90.63

Monthly Income

$30.21

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Frequently Asked Questions

What is PNW's current dividend yield?
Pinnacle West Capital Corporation (PNW) currently has a dividend yield of 3.65%, based on a stock price of $99.25 and an annual dividend of $3.63.
When is PNW's next dividend payment date?
PNW's next ex-dividend date is 2026-05-04 and the next payment date is 2026-06-01. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does PNW pay in dividends per year?
Pinnacle West Capital Corporation paid $3.60 per share in annual dividends in 2025. The dividends are paid quarterly.
Has PNW been increasing its dividend?
Pinnacle West Capital Corporation has grown its dividend at a 5-year CAGR of 2.50% and a 10-year CAGR of 4.08%.
Is PNW's dividend safe?
Pinnacle West Capital Corporation has a payout ratio of 67.35%. Its free cash flow payout ratio is 51.59%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is PNW's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Pinnacle West Capital Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.