Pinnacle West Capital (PNW) Dividend History & Yield
Dividend ContenderPinnacle West Capital (PNW) has increased its dividend for 15 consecutive years and currently yields 3.56%. The most recent dividend was $0.9100/share on Mar 2, 2026, paid Quarterly.
Current Yield
3.56%
TTM Dividend/Share
$3.63
Payment Frequency
Quarterly
Payout Ratio
67.6%
Consecutive Growth Years
15 (Dividend Contender)
Div Growth (1Y CAGR)
1.70%
Div Growth (5Y CAGR)
2.50%
Div Growth (10Y CAGR)
4.08%
PNW: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
6.1%
FCF payout ratio
251.0%
Net debt / EBITDA
6.9x
Interest coverage
3.39x
ROIC (TTM)
4.6%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 67.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-6.85) does not fully cover dividend/share ($3.63).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
15 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 251.0%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.5%) exceeds EPS growth (-33.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 4, 2026
- Payment date
- Jun 1, 2026
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Feb 2, 2026
- Payment date
- Mar 2, 2026
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Nov 3, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
Ex-date Aug 1, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
Ex-date May 5, 2025
- Payment date
- Jun 2, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
Ex-date Feb 3, 2025
- Payment date
- Mar 3, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
Ex-date Nov 4, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
Ex-date Aug 1, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Apr 30, 2024
- Payment date
- Jun 3, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Jan 31, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Oct 31, 2023
- Payment date
- Dec 1, 2023
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Jul 31, 2023
- Payment date
- Sep 1, 2023
- Dividend
- $0.8650
- Adj. dividend
- $0.8650
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 4, 2026 | Jun 1, 2026 | $0.9100 | $0.9100 |
| Feb 2, 2026 | Mar 2, 2026 | $0.9100 | $0.9100 |
| Nov 3, 2025 | Dec 1, 2025 | $0.9100 | $0.9100 |
| Aug 1, 2025 | Sep 2, 2025 | $0.8950 | $0.8950 |
| May 5, 2025 | Jun 2, 2025 | $0.8950 | $0.8950 |
| Feb 3, 2025 | Mar 3, 2025 | $0.8950 | $0.8950 |
| Nov 4, 2024 | Dec 2, 2024 | $0.8950 | $0.8950 |
| Aug 1, 2024 | Sep 3, 2024 | $0.8800 | $0.8800 |
| Apr 30, 2024 | Jun 3, 2024 | $0.8800 | $0.8800 |
| Jan 31, 2024 | Mar 1, 2024 | $0.8800 | $0.8800 |
| Oct 31, 2023 | Dec 1, 2023 | $0.8800 | $0.8800 |
| Jul 31, 2023 | Sep 1, 2023 | $0.8650 | $0.8650 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Pinnacle West Capital has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 15 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.5950 | — | — |
| 2025 | $3.5350 | $3.5950 | +1.7% |
| 2024 | $3.4750 | $3.5350 | +1.7% |
| 2023 | $3.4150 | $3.4750 | +1.8% |
| 2022 | $3.3400 | $3.4150 | +2.2% |
| 2021 | $3.1775 | $3.3400 | +5.1% |
| 2020 | $2.9950 | $3.1775 | +6.1% |
| 2019 | $2.8225 | $2.9950 | +6.1% |
| 2018 | $2.6600 | $2.8225 | +6.1% |
| 2017 | $2.5300 | $2.6600 | +5.1% |
| 2016 | $2.4100 | $2.5300 | +5.0% |
| 2015 | $2.2975 | $2.4100 | +4.9% |
| 2014 | $2.2025 | $2.2975 | +4.3% |
| 2013 | $2.1200 | $2.2025 | +3.9% |
| 2012 | $2.1000 | $2.1200 | +1.0% |
| 2011 | $2.1000 | $2.1000 | 0.0% |
| 2010 | $2.1000 | $2.1000 | 0.0% |
| 2009 | $2.1000 | $2.1000 | 0.0% |
| 2008 | $2.1000 | $2.1000 | 0.0% |
| 2007 | $2.0250 | $2.1000 | +3.7% |
| 2006 | $1.9250 | $2.0250 | +5.2% |
| 2005 | $1.8250 | $1.9250 | +5.5% |
| 2004 | $1.7250 | $1.8250 | +5.8% |
| 2003 | $1.6250 | $1.7250 | +6.2% |
| 2002 | $1.5250 | $1.6250 | +6.6% |
| 2001 | $1.4250 | $1.5250 | +7.0% |
| 2000 | $1.3250 | $1.4250 | +7.5% |
| 1999 | $1.2250 | $1.3250 | +8.2% |
| 1998 | $1.1250 | $1.2250 | +8.9% |
| 1997 | $1.0250 | $1.1250 | +9.8% |
| 1996 | $0.9250 | $1.0250 | +10.8% |
| 1995 | $0.8250 | $0.9250 | +12.1% |
| 1994 | $0.2000 | $0.8250 | +312.5% |
| 1993 | $1.2000 | $0.2000 | -83.3% |
| 1989 | $2.8000 | $1.2000 | -57.1% |
| 1988 | $2.7800 | $2.8000 | +0.7% |
| 1987 | — | $2.7800 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Pinnacle West Capital (PNW) from the consolidated cash flow statement, in USD as filed.
Latest period
$426.32M
YoY change
+7.1%
5Y CAGR
+3.8%
Peak year (2025)
$422.79M
Latest annual
$422.79M
Cash dividends paid over time for Pinnacle West Capital (PNW)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Pinnacle West Capital (PNW)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $422.79M | +7.1% | +$28.13M | ||
| 2024 | $394.66M | +2.1% | +$8.18M | ||
| 2023 | $386.49M | +2.0% | +$7.61M | ||
| 2022 | $378.88M | +2.5% | +$9.40M | ||
| 2021 | $369.48M | +5.4% | +$18.90M | ||
| 2020 | $350.58M | +6.4% | +$20.93M | ||
| 2019 | $329.64M | +6.7% | +$20.75M | ||
| 2018 | $308.89M | +6.6% | +$19.10M | ||
| 2017 | $289.79M | +5.7% | +$15.56M | ||
| 2016 | $274.23M | +5.5% | +$14.20M | ||
| 2015 | $260.03M | +5.4% | +$13.36M | ||
| 2014 | $246.67M | +4.9% | +$11.43M | ||
| 2013 | $235.24M | +4.5% | +$10.17M | ||
| 2012 | $225.07M | +1.5% | +$3.35M | ||
| 2011 | $221.73M | +2.2% | +$4.75M | ||
| 2010 | $216.98M | +5.8% | +$11.90M | ||
| 2009 | $205.08M | +0.4% | +$829,000 | ||
| 2008 | $204.25M | -3.0% | -$6.23M | ||
| 2007 | $210.47M | +4.6% | +$9.25M | ||
| 2006 | $201.22M | +7.8% | +$14.54M | ||
| 2005 | $186.68M | +11.9% | +$19.91M | ||
| 2004 | $166.77M | +5.9% | +$9.36M | ||
| 2003 | $157.42M | +14.3% | +$19.70M | ||
| 2002 | $137.72M | +6.6% | +$8.52M | ||
| 2001 | $129.20M | — | +$129.20M | ||
| 2000 | $0 | -100.0% | -$112.30M | ||
| 1999 | $112.30M | +8.2% | +$8.50M | ||
| 1998 | $103.80M | +7.9% | +$7.60M | ||
| 1997 | $96.20M | +7.4% | +$6.60M | ||
| 1996 | $89.60M | +10.8% | +$8.70M | ||
| 1995 | $80.90M | +12.2% | +$8.80M | ||
| 1994 | $72.10M | — | — |
The 2025 reading of Pinnacle West Capital (PNW) dividends paid is $422.79M – grew 7.1% year-over-year.
Through 2020–2025 (5 years), Pinnacle West Capital dividends paid delivered a +3.8% annualised rate; sustaining 17 straight years of year-over-year growth.
The dataset's maximum dividends paid sits at $422.79M (2025); the minimum reading of $0 dates to 2000.
Within Utilities, Pinnacle West Capital (PNW) ranks 8th among 8 peers we track. The peer median for dividends paid is $2.14B.
Pinnacle West Capital Dividends Paid 2025: $422.79M
Pinnacle West Capital dividends paid in 2025 was $422.79M, grew 7.1% from 2024. This figure represents the highest annual value in the available history.
Pinnacle West Capital Dividends Paid 2024: $394.66M
Pinnacle West Capital dividends paid in 2024 was $394.66M, edged up 2.1% from 2023.
Pinnacle West Capital Dividends Paid 2023: $386.49M
Pinnacle West Capital dividends paid in 2023 was $386.49M, edged up 2.0% from 2022.
Pinnacle West Capital Dividends Paid 2022: $378.88M
Pinnacle West Capital dividends paid in 2022 was $378.88M, edged up 2.5% from 2021.
Pinnacle West Capital Dividends Paid 2021: $369.48M
Pinnacle West Capital dividends paid in 2021 was $369.48M.
See more financial history for Pinnacle West Capital (PNW).
Sector peers by dividends paid
Companies in the same sector as Pinnacle West Capital, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does Pinnacle West Capital pay dividends?
Yes, Pinnacle West Capital (PNW) pays quarterly dividends of approximately $3.63 per share annually, yielding 3.56%.
What is Pinnacle West Capital's dividend yield?
Pinnacle West Capital (PNW) has a current dividend yield of 3.56%.
Is Pinnacle West Capital's dividend safe?
Pinnacle West Capital (PNW) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Pinnacle West Capital increased its dividend?
Pinnacle West Capital (PNW) has 15 consecutive years of dividend increases.
What is Pinnacle West Capital's dividend payout ratio?
Pinnacle West Capital (PNW) has a dividend payout ratio of 67.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Pinnacle West Capital's dividends paid?
Latest reported dividends paid for Pinnacle West Capital (PNW) is $426.32M (period ending March 31, 2026).
How has Pinnacle West Capital dividends paid changed year-over-year?
Pinnacle West Capital (PNW) dividends paid changed +7.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Pinnacle West Capital dividends paid?
Pinnacle West Capital (PNW) dividends paid compound annual growth rate is +3.8% over the most recent 5 years available.
When did Pinnacle West Capital dividends paid hit its highest annual value?
Pinnacle West Capital dividends paid reached its highest annual value of $422.79M in 2025.
What was Pinnacle West Capital dividends paid in 2024?
Pinnacle West Capital (PNW) dividends paid in 2024 was $394.66M.
What was Pinnacle West Capital dividends paid in 2025?
Pinnacle West Capital (PNW) dividends paid in 2025 was $422.79M.
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