Trailing Dividend / Share
$3.47
Pinnacle West Capital Corporation (PNW) Dividend History
Income profile from 1973 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.4%
Payout Ratio
68.6%
Watch
Dividend Streak
14 years
PNW Dividend Income Check
Safety
68.6% payout ratio with watch safety profile.
Consistency
14 straight years of dividend increases.
Income Trend
Yield on cost is 4.5% and trend is rising.
PNW Dividend Scorecard
Yield & Income
Dividend Yield3.4%
Trailing DPS$3.47
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout68.6%
Earnings SafetyWatch
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score3/9
Growth
Growth Streak14 years
3Y CAGR1.7%
5Y CAGR2.5%
Yield on Cost (5Y)4.5%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.4%
1Y Total Return19.7%
5Y Total Return47.9%
Div Contribution (5Y)21.6%
Estimated $10K growth (return + dividends):
5Y ago$14,78710Y ago$17,35220Y ago$39,860
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
PNW Income Growth Story
Dividend per share and yield on cost over time (38 years of payments)
PNW Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Pinnacle West Capital Corporation distributes 68.6% of earnings as dividends (Watch).
Piotroski F-Score: 3/9 — weak financial health.
Growth Track Record
PNW has raised its dividend for 14 consecutive years, with a 3-year CAGR of 1.7% and 5-year CAGR of 2.5%.
Total Shareholder Returns
Beyond cash dividends, PNW returns capital through share repurchases. The combined picture: 3.4% dividend yield, 3.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.5% and is currently rising. The 5-year total return is 47.9%, with dividends contributing 21.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $17,352 today.
PNW Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$17.52
Avg/Payment$0.8760
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 4, 2026Latest | $0.9100 | — | 3.56% | Jun 1, 2026 |
| Feb 2, 2026 | $0.9100 | — | 3.94% | Mar 2, 2026 |
| Nov 3, 2025 | $0.9100 | ↑ +1.7% | 4.02% | Dec 1, 2025 |
| Aug 1, 2025 | $0.8950 | — | 3.95% | Sep 2, 2025 |
| May 5, 2025 | $0.8950 | — | 3.80% | Jun 2, 2025 |
| Feb 3, 2025 | $0.8950 | — | 4.09% | Mar 3, 2025 |
| Nov 4, 2024 | $0.8950 | ↑ +1.7% | 4.12% | Dec 2, 2024 |
| Aug 1, 2024 | $0.8800 | — | 4.00% | Sep 3, 2024 |
PNW Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
3.4%
#5 of 9
Safety
Watch
68.6% payout
Streak
14Y
2.5% 5Y CAGR
Total Shareholder
3.4%
#5 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| PNWPinnacle West Capita… | $12.4B | 3.4% | 68.6% | 14 | Watch |
 AEEAmeren Corporation | $30.1B | 2.6% | 52.7% | 12 | Sustainable |
 WECWEC Energy Group, In… | $36.5B | 3.1% | 73.7% | 22 | Watch |
 EVRGEvergy, Inc. | $19.0B | 3.2% | 71.7% | 22 | Watch |
 NWENorthwestern Energy … | $4.3B | 3.8% | 89.1% | 18 | At Risk |
 IDAIDACORP, Inc. | $7.9B | 2.4% | 58.3% | 14 | Sustainable |
3rd  PORPortland General Ele… | $5.8B | 4.0% | 73.5% | 20 | Watch |
1st  AVAAvista Corporation | $3.3B | 4.9% | 82.4% | 23 | Watch |
2nd  AESThe AES Corporation | $10.4B | 4.8% | 52.8% | 13 | Sustainable |
PNW Annual Dividend History (1973–2026)
38 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.82 | — | 2 | — | — | — | 2.3% |
| 2025 | $3.60 | 1.7% | 4 | $5.05 | 71.2% | 1.40x | 4.5% |
| 2024 | $3.54 | 1.7% | 4 | $5.24 | 67.5% | 1.48x | 4.5% |
| 2023 | $3.47 | 1.8% | 4 | $4.41 | 78.8% | 1.27x | 4.4% |
| 2022 | $3.42 | 2.2% | 4 | $4.26 | 80.2% | 1.25x | 4.3% |
| 2021 | $3.34 | 5.1% | 4 | $5.47 | 61.1% | 1.64x | 4.2% |
| 2020 | $3.18 | 6.1% | 4 | $4.87 | 65.2% | 1.53x | 4.0% |
| 2019 | $3.00 | 6.1% | 4 | $4.77 | 62.8% | 1.59x | 3.8% |
| 2018 | $2.82 | 6.1% | 4 | $4.54 | 62.2% | 1.61x | 3.6% |
| 2017 | $2.66 | 5.1% | 4 | $4.35 | 61.1% | 1.64x | 3.4% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into PNW consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
53+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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PNW — Frequently Asked Questions
Quick answers to the most common questions about buying PNW stock.
How much dividend does PNW pay per share?
Pinnacle West Capital Corporation (PNW) pays a trailing 12-month dividend of $3.47 per share, with a current dividend yield of +3.4%. Payments are made Semi-Annual.
When is PNW's next ex-dividend date?
PNW's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. PNW typically pays dividends Semi-Annual.
Is PNW's dividend safe?
PNW's dividend safety is rated "Watch" based on an earnings payout ratio of +68.6% and FCF payout ratio of N/A. With 14 consecutive years of dividend growth, the track record supports sustainability.
Is PNW a Dividend Achiever?
Yes, Pinnacle West Capital Corporation is classified as a Dividend Achiever with 14 consecutive years of dividend increases. The 5-year dividend CAGR is +2.5%, demonstrating modest dividend growth.
How often does PNW pay dividends?
Pinnacle West Capital Corporation pays dividends Semi-Annual. The trailing 12-month total is $3.47 per share. Dividend data on this page covers 53+ years from 1973 to 2026.
How much would $10,000 invested in PNW grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in PNW five years ago would be worth approximately $14,787 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is PNW's yield on cost for long-term holders?
PNW's yield on cost — the current dividend divided by the original purchase price — is +4.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.4% market yield, thanks to consistent dividend growth.