Pinnacle West Capital (PNW) Dividend History & Yield
Pinnacle West Capital (PNW) has increased its dividend for 15 consecutive years and currently yields 3.52%. The most recent payment was $0.9100/share on Feb 2, 2026, paid Quarterly.
Current Yield
3.52%
TTM Dividend/Share
$3.61
Payment Frequency
Quarterly
Payout Ratio
68.6%
Consecutive Growth Years
15
Div Growth (1Y CAGR)
1.70%
Div Growth (5Y CAGR)
2.50%
Div Growth (10Y CAGR)
4.08%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 68.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-6.85) does not fully cover dividend/share ($3.61).
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.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Feb 2, 2026
- Payment date
- Mar 2, 2026
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
- Yield (ex-date)
- 3.94%
Ex-date Nov 3, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $0.9100
- Adj. dividend
- $0.9100
- Yield (ex-date)
- 4.02%
Ex-date Aug 1, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
- Yield (ex-date)
- 3.95%
Ex-date May 5, 2025
- Payment date
- Jun 2, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
- Yield (ex-date)
- 3.80%
Ex-date Feb 3, 2025
- Payment date
- Mar 3, 2025
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
- Yield (ex-date)
- 4.09%
Ex-date Nov 4, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $0.8950
- Adj. dividend
- $0.8950
- Yield (ex-date)
- 4.12%
Ex-date Aug 1, 2024
- Payment date
- Sep 3, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
- Yield (ex-date)
- 4.00%
Ex-date Apr 30, 2024
- Payment date
- Jun 3, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
- Yield (ex-date)
- 4.76%
Ex-date Jan 31, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
- Yield (ex-date)
- 5.07%
Ex-date Oct 31, 2023
- Payment date
- Dec 1, 2023
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
- Yield (ex-date)
- 4.68%
Ex-date Jul 31, 2023
- Payment date
- Sep 1, 2023
- Dividend
- $0.8650
- Adj. dividend
- $0.8650
- Yield (ex-date)
- 4.18%
Ex-date Apr 28, 2023
- Payment date
- Jun 1, 2023
- Dividend
- $0.8650
- Adj. dividend
- $0.8650
- Yield (ex-date)
- 4.39%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Feb 2, 2026 | Mar 2, 2026 | $0.9100 | $0.9100 | 3.94% |
| Nov 3, 2025 | Dec 1, 2025 | $0.9100 | $0.9100 | 4.02% |
| Aug 1, 2025 | Sep 2, 2025 | $0.8950 | $0.8950 | 3.95% |
| May 5, 2025 | Jun 2, 2025 | $0.8950 | $0.8950 | 3.80% |
| Feb 3, 2025 | Mar 3, 2025 | $0.8950 | $0.8950 | 4.09% |
| Nov 4, 2024 | Dec 2, 2024 | $0.8950 | $0.8950 | 4.12% |
| Aug 1, 2024 | Sep 3, 2024 | $0.8800 | $0.8800 | 4.00% |
| Apr 30, 2024 | Jun 3, 2024 | $0.8800 | $0.8800 | 4.76% |
| Jan 31, 2024 | Mar 1, 2024 | $0.8800 | $0.8800 | 5.07% |
| Oct 31, 2023 | Dec 1, 2023 | $0.8800 | $0.8800 | 4.68% |
| Jul 31, 2023 | Sep 1, 2023 | $0.8650 | $0.8650 | 4.18% |
| Apr 28, 2023 | Jun 1, 2023 | $0.8650 | $0.8650 | 4.39% |
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.
Frequently asked questions
Does Pinnacle West Capital pay dividends?
- Yes, Pinnacle West Capital (PNW) pays quarterly dividends of approximately $3.61 per share annually, yielding 3.52%.
What is Pinnacle West Capital's dividend yield?
- Pinnacle West Capital (PNW) has a current dividend yield of 3.52%.
Is Pinnacle West Capital's dividend safe?
- Pinnacle West Capital (PNW) passes 3 out of 5 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 68.6%.