The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Jul 13, 2026
Snapshot (as of Jul 13, 2026): Pinnacle West Capital Corporation (PNW) pays a $3.63 annual dividend ($0.91 quarterly), yielding 3.35% at $108.12/share. Next ex-dividend date 2026-08-03. 32 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.35%
Annual Dividend: $3.63 per share
Payout Ratio: 65.2%
Ex-Dividend Date: 2026-08-03
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 38
Pinnacle West Capital Corporation dividend investors are looking at Arizona's dominant regulated electric utility, operating through its Arizona Public Service Company (APS) subsidiary and serving roughly 1.3 million customers. The current yield stands at 3.35%, with a trailing annual dividend rate of $3.6250 per share paid quarterly, and the next ex-dividend date falls on August 3, 2026. PNW has raised its dividend for 32 consecutive years, earning Dividend Aristocrat status. A beta of 0.425 makes this a low-volatility holding, suited to income-focused investors who prioritize predictability over price swings.
Pinnacle West Capital Corporation pays out 65.2% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the regulated nature of APS's electricity business: rate-regulated utilities collect revenue tied to approved tariffs, not market prices, which provides a degree of earnings predictability that underpins Pinnacle West Capital Corporation dividend safety. The main pressure point is that a 65.2% payout leaves a narrower buffer than lower-ratio peers, meaning any regulatory rate decision that compresses earnings could tighten the coverage.
Pinnacle West Capital Corporation dividend history shows a CAGR of 3.9% per year from 2011 to 2025. Per-share payments grew from $2.1000 to $3.5950 over that span (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 1.0% in 2012, while the largest reached 6.2% in 2019. Growth is slow but unbroken, which for income investors means real purchasing power gains are modest.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.7% | $3.42 (2022) | $3.60 (2025) |
| 5-Year | +2.5% | $3.18 (2020) | $3.60 (2025) |
| 10-Year | +4.1% | $2.41 (2015) | $3.60 (2025) |
PNW fits income-focused investors who want a low-volatility utility with a long, uninterrupted dividend record. The yield of 3.35% is moderate (2–4%), sitting just above the stock's own 5-year average of 3.21%, so buyers today are getting a slightly above-average entry yield by PNW's own standards. Thirty-two consecutive years of increases confirm Dividend Aristocrat standing, a streak built through rate cycles and energy mix shifts in Arizona. The trade-off is clear: growth runs at roughly 3.9% annually, which preserves income but does not accelerate it. Investors get predictability and a regulated business model; they accept slow dividend growth in return.
PNW is a Dividend Aristocrat with 32 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $0.9100 |
| 2026-05-04 | $0.9100 |
| 2026-02-02 | $0.9100 |
| 2025-11-03 | $0.9100 |
| 2025-08-01 | $0.8950 |
| 2025-05-05 | $0.8950 |
| 2025-02-03 | $0.8950 |
| 2024-11-04 | $0.8950 |
| 2024-08-01 | $0.8800 |
| 2024-04-30 | $0.8800 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.7300 |
| 2025 | $3.5950 |
| 2024 | $3.5350 |
| 2023 | $3.4750 |
| 2022 | $3.4150 |
Project income from PNW with the PNW dividend calculator or track your full portfolio with the dividend tracker.