NEW YORK (

TheStreet

) -- The ex-dividend date for

Pinnacle West Capital Corporation

(NYSE:

PNW

) is tomorrow, July 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $43.55 as of 9:33 a.m. ET, the dividend yield is 4.8%.

The average volume for Pinnacle West has been 743,400 shares per day over the past 30 days. Pinnacle West has a market cap of $4.8 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 5.5% year to date as of the close of trading on Tuesday.

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 15.2, above the average utilities industry P/E ratio of 14.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pinnacle West as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Pinnacle West Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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