Pinnacle West Capital Corporation · PNW · NYSE
Dividend report · updated Nov 10, 2026
$105.42 +0.15% on the day, +$0.16
PNW stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is PNW’s dividend Very Safe or High Risk? 13 checks scored. Payout ratio, raise streak, recession record and 10 more. Show the rating
Yearly payout / yield
$3.70·3.51%
$0.925 quarterly x 4 ⓘ
Next payment
~$0.925/qtr
pays ~Feb 3, 2027 (est.) ⓘ
Next ex-date
Feb 1, 2027est.
own by Jan 29, 2027 ⓘ
Years without a cut
31+ yrs
14 yrs of raises ⓘ
Recession record
2000raised2008held2020raised2022raised
no cut through all four
Yield vs history ⓘ
37
Below its usual yield
PNW share price & total return
Daily closing price, adjusted for stock splits.
PNW stock page »All dividend lists »Build a portfolio around PNW »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
PNW Dividend Growth (CAGR)
1Y +1.6%3Y +1.7%5Y +1.7%10Y +3.5%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 145 payments since 1973.
Annual dividends and growth
Total paid per share in each calendar year. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +1.73% a year, its typical raise over the last 5 years. Today's $3.70 a year would be $4.03 by 2031 - 3.82% on today's $105.42 price.

How Many PNW Shares for $500 or $1,000 a Month?

At $3.70 a share a year, $500 a month takes about 1,622 PNW shares, about $170,991 at the Nov 10, 2026 close of $105.42. $1,000 a month takes about 3,244 shares, about $341,982. Before taxes, and only while the rate holds.

Pinnacle West Capital (PNW) pays $0.925 a share quarterly, $3.70 a year, a 3.51% run-rate yield at the Nov 10, 2026 close of $105.42. It has paid since 1973 and raised its annual dividend 14 years in a row.

At today’s rate of $0.925 quarterly and the last close of $105.42, this is what PNW pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.925$0.31$3.70
100 shares$92.50$30.83$370.00
$10,000 invested (94.9 shares)$87.74$29.25$350.98
1,622 shares ($500/mo)$1,500.35$500.12$6,001.40
3,244 shares ($1,000/mo)$3,000.70$1,000.23$12,002.80

With DRIP on, every payment buys more shares instead of landing as cash. 100 PNW shares reinvest into 0.88 new shares each payment, about 3.6 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 114 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with PNW’s own history in the PNW DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See PNW’s rating and its 13 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Liquidity: is there cash for debts due this year rating
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

PNW Dividend Yield Today vs Its 5-Year Range

37/100Below its usual yieldvs its 10-yr history
  • PNW yields 3.51% today, at the Nov 10, 2026 close of $105.42.
  • Its own 10-year median is 3.97%, so today’s yield is below its usual level.
Last 5 years: lowest to highest month-end yield
3.40% low5.27% high
Blue mark = today, grey = its 10-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is PNW’s Next Dividend? Ex-Date and Pay Date After November 2026

PNW has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Feb 1, 2027, with the cash around Feb 3, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.925 a share, went ex on Nov 2, 2026 and paid Nov 4, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 2 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does PNW Pay?

PNW pays quarterly, 4 times a year. Recent payments arrived in Feb, May, Aug and Nov, with ex-dates in Feb, May, Aug and Nov. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Paid in the last 12 months
$3.66 a share, in 4 payments.
+1.7% against the 12 months before ($3.60 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Feb, May, Aug and Nov. Ex-dates fall in Feb, May, Aug and Nov (latest 4 payments).
Raise history
  • Streak: 14 years of higher annual totals (through 2025)
  • Last raise: Nov 2, 2026 - $0.91 to $0.925 (+$0.015, +1.65%)
  • Usual $ step: $0.015 (median of the raises before it)
Coverage
  • EPS payout: 68.4% - $3.64 paid / $5.32 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 74.9% (median of 12 earlier trailing years)
  • FCF payout: 58.1% - $3.64 paid / $6.26 free cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 99.4% (median of 12 earlier trailing years)

PNW vs Similar Dividend Stocks (WTRG, UUGRY...)

Against the 10 dividend-paying Utilities companies closest to PNW in market value, PNW’s 3.51% run-rate yield is close to the group’s middle yield of 3.78%, and its raise streak of 14 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
PNW $105.42Pinnacle West Capital $0.925/qtr$3.70/yr fwd 3.51% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 held2020 raised2022 raised 31+ yrsraised 14 yrs in a row
WTRG $45.12Essential Utilities $0.361/qtr$1.44/yr fwd 3.20% Dividend Safety Rating: paid plans only Raised in all 42000 raised2008 raised2020 raised2022 raised 38+ yrsraised 34 yrs in a row
UUGRY $41.14United Utilities Group $0.953/half-yr$1.91/yr fwd 4.63% Dividend Safety Rating: paid plans only — 27+ yrsraised 2 yrs in a row
AES $14.92AES $0.176/qtr$0.70/yr fwd 4.72% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 14 yrsraised 12 yrs in a row
OGE $50.66OGE Energy $0.429/qtr$1.72/yr fwd 3.39% Dividend Safety Rating: paid plans only No cut in all 42000 held2008 raised2020 raised2022 raised 39 yrsraised 19 yrs in a row
CDUAF $37.16Canadian Utilities Limited $0.3299/qtr$1.32/yr fwd 3.55% Dividend Safety Rating: paid plans only — 11+ yrsno raise streak
EMA $50.60Emera $0.529/qtr$2.12/yr fwd 4.18% Dividend Safety Rating: paid plans only — 2+ yrsno raise streak
BEP $31.19Brookfield Renewable Partners L.P. $0.392/qtr$1.57/yr fwd 5.03% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 12+ yrsraised 11 yrs in a row
IDA $146.70IDACORP $0.90/qtr$3.60/yr fwd 2.45% Dividend Safety Rating: paid plans only Cut in 20032000 cut2008 held2020 raised2022 raised 22 yrsraised 14 yrs in a row
SBS $4.95Companhia de Saneamento Básico do Estado de São Paulo - SABESP $0.159/yr 3.21% Dividend Safety Rating: paid plans only — 4 yrsno raise streak
UGI $37.48UGI $0.375/qtr$1.50/yr fwd 4.00% Dividend Safety Rating: paid plans only Raised in all 42000 raised2008 raised2020 raised2022 raised 38+ yrsno raise streak

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: PNW vs WTRG, PNW vs UUGRY, PNW vs AES.

PNW Dividend History: Every Payment Since 1973

Ex-datePay dateAmountFrequencyType
Nov 2, 2026Nov 4, 2026$0.925QuarterlyRegular
Aug 3, 2026Aug 5, 2026$0.91QuarterlyRegular
May 4, 2026May 6, 2026$0.91QuarterlyRegular
Feb 2, 2026Feb 4, 2026$0.91QuarterlyRegular
Nov 3, 2025Nov 5, 2025$0.91QuarterlyRegular
Aug 1, 2025Aug 4, 2025$0.895QuarterlyRegular
May 5, 2025May 7, 2025$0.895QuarterlyRegular
Feb 3, 2025Feb 5, 2025$0.895QuarterlyRegular
Nov 4, 2024Nov 6, 2024$0.895QuarterlyRegular
Aug 1, 2024Aug 5, 2024$0.88QuarterlyRegular
The other 135 PNW payments come with a paid plan.
Show all 145 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for PNW

UnlockDividend Safety Rating: paid plans only
See where PNW lands, and why.
See the rating & factors »
Own PNW? Your payouts fill in by themselves Add PNW once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track PNW →

PNW Dividend Questions

How often does PNW pay dividends?

PNW pays quarterly, 4 times a year. Recent payments arrived in Feb, May, Aug and Nov, with ex-dates in Feb, May, Aug and Nov. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Does PNW pay dividends monthly?

No. PNW pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next PNW dividend?

PNW has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Feb 1, 2027, with the cash around Feb 3, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.925 a share, went ex on Nov 2, 2026 and paid Nov 4, 2026. The current rate is $0.925 per share, $3.70 a year.

Does PNW pay a dividend in February 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Feb 1, 2027, with the cash around Feb 3, 2027, so a payment in February 2027 is likely. Only the company’s declaration makes it final.

How much does PNW pay per share?

PNW pays $0.925 a share quarterly, $3.70 a year. At the Nov 10, 2026 close of $105.42 that is a 3.51% run-rate yield, below its usual level: its own 10-year median is 3.97%.

Has PNW raised its dividend?

Yes. PNW has raised its annual dividend 14 years in a row, through 2025. The latest raise, on Nov 2, 2026, took the rate from $0.91 to $0.925 (+1.65%). Over five years the dividend grew 1.7% a year.

Is PNW’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. PNW paid out 68% of its earnings and 58% of its free cash flow as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 14 years in a row and gone 31+ years without a cut. Through the market crashes: it raised the dividend through the 2000, 2020 and 2022 crashes; it held it through 2008. This is data, not investment advice. The full 13-check rating comes with a plan.

How do I track my PNW dividends?

Add PNW to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run PNW in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 10, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 13 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.