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Pinnacle West Capital dividend history

Pinnacle West Capital's dividend was $3.61 a share in fiscal 2025, up 1.7% on the year before. That was 68.6% of net income. It has raised its dividend per share every year since fiscal 2013.

Dividends, buybacks and capital spending

Dividends (TTM)
$436M
Returned to shareholders
-47%
of free cash flow
Diluted share count
+3.3%
year over year
Total shareholder yield
3.3%
dividends 3.3% + buybacks 0.0% of market value
Dividend payout ratio
66%
of net income paid out

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share$2.10$2.10$2.10$2.67$2.23$2.33$2.44$2.56$2.70$2.87$3.04$3.23$3.36$3.43$3.49$3.55$3.61—
Dividend per share growth—0.0%0.0%+27.1%−16.5%+4.5%+4.7%+4.9%+5.5%+6.3%+5.9%+6.3%+4.0%+2.1%+1.7%+1.7%+1.7%—
Dividends paid205217222225235247260274290309330351369379386395423436
Share buybacks—————————————34———
Dividends ÷ net income300.1%62.0%65.3%59.0%57.9%62.0%59.5%62.0%59.3%60.4%61.2%63.7%59.7%78.3%77.1%64.8%68.6%66.0%
Dividends ÷ free cash flow67.7%>999%91.9%79.9%171.7%130.5%>999%——312.1%————————

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

  • Pinnacle West Declares Quarterly Dividend Source

Compare with peers

Head to head: NI vs PNWAEE vs PNWCMS vs PNW

More: Multi-Utilities stocks compared, Utilities sector, rankings of US companies

Figures from Pinnacle West Capital's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Pinnacle West Capital.