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Pinnacle West Capital Corporation (NYSE:PNW) to Issue Quarterly Dividend of $0.91
Pinnacle West Capital Corporation (NYSE:PNW) has announced a quarterly dividend of $0.91 per share, payable on June 1 to shareholders of record on May 4. This represents an annualized dividend of $3.64 and a yield of 3.6%. The company’s dividend appears well-covered by earnings, with a current payout ratio of 71.7% and expectations for it to decrease to 65.5% with forecasted earnings.