Tuesday, November 9, 2021

Dividend Increase #77 of 2021 - Pinnacle West Capital Corporation (PNW)



Thursday, November 4th the Board of Pinnacle West Capital Corporation (PNW) announced a quarterly dividend increase of from $ 0.83 to $ 0.85 per share that’s payable December 1, 2021 to holders of record November 16, 2021. This represents a 2.41% increase over the last quarterly dividend.


“Despite recent state regulatory decisions and uncertainty that has made it difficult to deliver capital appreciation in the current environment, today’s board action sends a message to our shareholders that their investment in our company and the communities we serve is valued and appreciated,” said Chairman, President and CEO Jeff Guldner. “We have consistently grown our dividend for 10 consecutive years, and we remain committed to providing an attractive yield and long-term growth.”


With current price $ 63.64 (yesterday's close), this raise brings their dividend yield to 5.34%.


PNW is a Dividend Contenders with a 10 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.1, 6.1, 5.7 and 4.2 (Dividend Champions.xls)



Since I own 65 shares of PNW, this will increase my portfolio's projected annual net dividend income by $ 3.87.


I was expecting an increase of around 5-6%, so this increase was clearly disappointing.


This is the first dividend increase I received from PNW since initiating a position September 2020.


This increase raises my YOC to 4.68%.



Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long PNW


Thanks for stopping by!



  1. Lookign at the share price the stock is down YTD -21%, -28% on 3 years and -15% on 5 years. Share price is what it was in 2016, what is the issue of the company?

    1. Hi Johan, I think it's regulation and policy.