NEW YORK (
) -- The ex-dividend date for
) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $48.34 as of 9:30 a.m. ET, the dividend yield is 4.4%.
The average volume for Pinnacle West has been 979,400 shares per day over the past 30 days. Pinnacle West has a market cap of $5.18 billion and is part of the
industry. Shares are up 0.7% year to date as of the close of trading on Thursday.
Pinnacle West Capital Corporation, through its subsidiaries, provides retail and wholesale electric services primarily in the State of Arizona. The company involves in the generation, transmission, and distribution of electricity through coal, nuclear, gas and oil, and solar resources. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pinnacle West as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full