Pinnacle West Capital Corporation (NYSE:PNW) Updates On Quarterly Dividend


As per Pinnacle West Capital Corporation (NYSE:PNW) statement on 2016-06-23, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.625 per share as dividend to stakeholders. The record date is set as 2016-08-01, the payout date as 2016-09-01 and the ex-dividend date is 2016-07-28.

Last fiscal Pinnacle West Capital Corporation (NYSE:PNW) disbursed cash dividend of $0.625. A year ago, the payout was $0.625, which indicates a difference of 4.8966%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.625, implying 2.7921% growth.

For the period ended on 2015-12-31, Pinnacle West Capital Corporation (NYSE:PNW)’s earnings came at $1.08 per share compared to EPS of $2.3 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-04. For this quarter, the analysts have earnings estimate of $2.45 per share.

The interim price target for Pinnacle West Capital Corporation (NYSE:PNW) is set at $76.111. This level is the mean price reached by averaging the stock views of 9 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Pinnacle West Capital Corporation (NYSE:PNW) is seen at $81 and the lowest level is established at $67. This broad range highlights a standard deviation of $4.226 in reported estimates.

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