Is Pinnacle West Capital Corporation a good dividend stock?

Pinnacle West Capital Corporation (PNW) is a dividend-paying stock with a current dividend yield of 3.37%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is PNW's dividend yield?

The dividend yield for PNW stock is currently 3.37%.

How much does PNW pay in dividends per year?

Pinnacle West Capital Corporation pays an annual dividend of $3.6250 per share over the trailing twelve months.

How often does PNW pay dividends?

PNW stock pays dividends quarterly.

Is PNW's dividend growing?

Pinnacle West Capital Corporation's 3-year dividend CAGR is 1.71%.

PNW Stock Price, Chart, Stats & News

Pinnacle West Capital Corporation

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Overview Dividend safety Dividends Fundamentals

Pinnacle West Capital Corporation (PNW) is a dividend-paying stock with a current dividend yield of 3.37% as of Jul 17, 2026. It pays $3.63 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 2.07% 5-year compound annual rate.

13.05B

Market cap

20.06x

Current P/E

23.15x

Forward P/E

3.37%

Dividend yield

$3.63

PNW dividend

Dividend safety

Moderate

Dividend coverage is moderate for PNW — it pays out about 68% of earnings.

See the safety analysis

PNW chart

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Fundamentals

Gross margin	34.86%
Operating margin	21.70%
Pretax margin	13.83%
Net margin	11.55%
Effective tax rate	14.45%
ROA	1.95%
ROE	8.91%
D/E	2.53x
Interest coverage ratio	2.75x

All financials

PNW valuation

P/E	20.06x
P/S	2.26x
P/B	1.69x
P/CF	6.61x
P/FCF	-14.71x
P/OCF	6.61x
PEG	5.05x
EV multiple	-2.72x

About

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.