Does PNW pay a dividend?

Yes. Pinnacle West Capital Corporation pays a quarterly dividend, currently yielding 3.97% based on trailing twelve-month payments of $3.64 per share.

How much does PNW pay in dividends?

$3.64 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next PNW ex-dividend date?

No upcoming ex-dividend date is currently on record for PNW. Dates appear here once the company declares them.

PNW Dividend

Pinnacle West Capital Corporation

NYSEUtilitiesStockData as of August 12, 2026

Dividend yield: 3.97%
Annual dividend: $3.64
Payout ratio: 0.67
Frequency: Quarterly
Share price: $91.74
Market cap: $11.1B

Is PNW a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median3.97% against a median of 2.92% across US dividend payers.
Dividend uses most of earningsA payout ratio of 0.67 leaves a narrower margin than the sub-0.60 range generally considered comfortable, though it remains within earnings.
Dividend has been cut 2 timesAcross 37 complete years, the annual total fell in 1989, 1993. The most recent reduction was in 1993.
Raised for 14 consecutive yearsA long record of increases suggests both the cash generation to fund them and a management commitment to maintaining them. This figure is derived from payment history and is approximate.

PNW dividend history

Annual dividend per share, 1973 to 2025.

Peak $3.58 in 2025Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for PNW, most recent first.
Ex-dividend date	Pay date	Amount	Type
August 3, 2026	September 1, 2026	$0.9100	Quarterly
May 4, 2026	June 1, 2026	$0.9100	Quarterly
February 2, 2026	March 2, 2026	$0.9100	Quarterly
November 3, 2025	December 1, 2025	$0.9100	Quarterly
August 1, 2025	September 2, 2025	$0.8950	Quarterly
May 5, 2025	June 2, 2025	$0.8950	Quarterly
February 3, 2025	March 3, 2025	$0.8950	Quarterly
November 4, 2024	December 2, 2024	$0.8950	Quarterly
August 1, 2024	September 3, 2024	$0.8800	Quarterly
April 30, 2024	June 3, 2024	$0.8800	Quarterly
January 31, 2024	March 1, 2024	$0.8800	Quarterly
October 31, 2023	December 1, 2023	$0.8800	Quarterly
July 31, 2023	September 1, 2023	$0.8650	Quarterly
April 28, 2023	June 1, 2023	$0.8650	Quarterly
January 31, 2023	March 1, 2023	$0.8650	Quarterly
October 31, 2022	December 1, 2022	$0.8650	Quarterly
July 29, 2022	September 1, 2022	$0.8500	Quarterly
April 29, 2022	June 1, 2022	$0.8500	Quarterly
January 31, 2022	March 1, 2022	$0.8500	Quarterly
November 15, 2021	December 1, 2021	$0.8500	Quarterly
July 30, 2021	September 1, 2021	$0.8300	Quarterly
April 30, 2021	June 1, 2021	$0.8300	Quarterly
January 29, 2021	March 1, 2021	$0.8300	Quarterly
October 30, 2020	December 1, 2020	$0.8300	Quarterly
July 31, 2020	September 1, 2020	$0.7825	Quarterly
May 1, 2020	June 1, 2020	$0.7830	Quarterly
January 31, 2020	March 2, 2020	$0.7825	Quarterly
November 1, 2019	December 2, 2019	$0.7830	Quarterly
July 31, 2019	September 3, 2019	$0.7375	Quarterly
April 30, 2019	June 3, 2019	$0.7375	Quarterly
January 31, 2019	March 1, 2019	$0.7375	Quarterly
October 31, 2018	December 3, 2018	$0.7375	Quarterly
July 31, 2018	September 4, 2018	$0.6950	Quarterly
April 30, 2018	June 1, 2018	$0.6950	Quarterly
January 31, 2018	March 1, 2018	$0.6950	Quarterly
October 31, 2017	December 1, 2017	$0.6950	Quarterly
July 28, 2017	September 1, 2017	$0.6550	Quarterly
April 27, 2017	June 1, 2017	$0.6550	Quarterly
January 30, 2017	March 1, 2017	$0.6550	Quarterly
October 28, 2016	December 1, 2016	$0.6550	Quarterly

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Frequently asked questions

Does PNW pay a dividend?: Yes. Pinnacle West Capital Corporation pays a quarterly dividend, currently yielding 3.97% based on trailing twelve-month payments of $3.64 per share.
How much does PNW pay in dividends?: $3.64 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next PNW ex-dividend date?: No upcoming ex-dividend date is currently on record for PNW. Dates appear here once the company declares them.