Pinnacle West Capital hikes dividend by 2.4%
Energy holding company Pinnacle West Capital Corporation (PNW) will raise its quarterly dividend by 2.4 percent in 2021. This will mark 10 straight years of dividend growth by PNW.
Pinnacle West Capital Corp is an energy holding company based in Phoenix. The company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. Through its principal subsidiary, Arizona Public Service (APS), the company provides retail electricity service to homes and businesses in Arizona. Pinnacle West’s other principal subsidiary Bright Canyon Energy focuses on new growth opportunities that leverage PNW’s core expertise in the electric energy industry.