Pinnacle West Raises Quarterly Dividend

Dow Jones

Oct 24, 2024

By Stephen Nakrosis

Pinnacle West Capital said its board voted to increase the company's quarterly dividend to 89.5 cents per share, from 88 cents.

The new dividend, $3.58 on an annual basis, is payable on Dec. 2 to shareholders of record at the close of business on Nov. 4, the energy holding company said.

The new dividend represents a yield of about 4% based on the $89.31 closing price of the company's shares on Wednesday.

In October 2023, the company raised its dividend to 88 cents per share from 86.5 cents.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 23, 2024 17:34 ET (21:34 GMT)

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