Pinnacle West Capital (PNW) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $3.64
- Forward yield
- 3.58%
- Payout ratio
- 69.7%
- Growth streak
- 5 years
Pinnacle West pays a quarterly dividend of $0.91 per share. Its most recent payment had an ex-date of August 3, 2026 and was paid on September 1, 2026. Over the trailing twelve months, it paid $3.64 per share, a yield of about 3.79% at a share price of $95.92.
The record shows a steady annual rhythm with small raises. Pinnacle West has raised its dividend once a year, each time with the payment that goes ex-dividend in late October or early November. The rate went from $0.85 to $0.87 in 2022, then to $0.88 in 2023, $0.90 in 2024 and $0.91 in 2025. Each raise was one or two cents, or roughly 1.1% to 2.4%. Since late 2021, the quarterly rate has grown about 7%. Payments by calendar year rose from $3.42 in 2022 to $3.61 in 2025. The company has increased its dividend for five consecutive years.
Pay dates fall on or just after the first of March, June, September and December. If the pattern holds, the next payment would go ex-dividend in late October or early November 2026 and be paid around December 1. That is the payment where past raises have appeared.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jun 24, 2026 | Aug 3, 2026 | Sep 1, 2026 | $0.91 |
| Apr 22, 2026 | May 4, 2026 | Jun 1, 2026 | $0.91 |
| Dec 10, 2025 | Feb 2, 2026 | Mar 2, 2026 | $0.91 |
| Oct 22, 2025 | Nov 3, 2025 | Dec 1, 2025 | $0.91 |
| Jun 18, 2025 | Aug 1, 2025 | Sep 2, 2025 | $0.90 |
| Apr 23, 2025 | May 5, 2025 | Jun 2, 2025 | $0.90 |
| Dec 11, 2024 | Feb 3, 2025 | Mar 3, 2025 | $0.90 |
| Oct 23, 2024 | Nov 4, 2024 | Dec 2, 2024 | $0.90 |
| Jun 19, 2024 | Aug 1, 2024 | Sep 3, 2024 | $0.88 |
| Apr 17, 2024 | Apr 30, 2024 | Jun 3, 2024 | $0.88 |
| Dec 13, 2023 | Jan 31, 2024 | Mar 1, 2024 | $0.88 |
| Oct 18, 2023 | Oct 31, 2023 | Dec 1, 2023 | $0.88 |
| Jun 21, 2023 | Jul 31, 2023 | Sep 1, 2023 | $0.87 |
| Apr 19, 2023 | Apr 28, 2023 | Jun 1, 2023 | $0.87 |
| Dec 14, 2022 | Jan 31, 2023 | Mar 1, 2023 | $0.87 |
| Oct 20, 2022 | Oct 31, 2022 | Dec 1, 2022 | $0.87 |
| Jun 22, 2022 | Jul 29, 2022 | Sep 1, 2022 | $0.85 |
| Apr 20, 2022 | Apr 29, 2022 | Jun 1, 2022 | $0.85 |
| Dec 15, 2021 | Jan 31, 2022 | Mar 1, 2022 | $0.85 |
| Nov 4, 2021 | Nov 15, 2021 | Dec 1, 2021 | $0.85 |
Frequently asked questions
Does Pinnacle West Capital (PNW) pay a dividend?
Yes. Pinnacle West Capital pays a quarterly dividend; the most recent payment was $0.91 per share.
What is PNW's dividend yield?
Pinnacle West Capital paid $3.64 per share over the trailing twelve months, a yield of 3.58% at the last price of $101.58. Click here to learn more
When is PNW's most recent ex-dividend date?
Pinnacle West Capital's most recent ex-dividend date is Aug 3, 2026, payable on Sep 1, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has PNW been raising its dividend?
Yes — Pinnacle West Capital has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.