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Pinnacle West Capital

The electric company declared a dividend of 53 cents a share, to be paid on March 1.

"Although we are still cautious of the future regulatory environment in AZ, PNW has successfully negotiated a reasonable settlement in its Arizona Public Service rate case giving investors visibility and stability around future earnings," Bank of America Merrill Lynch analysts wrote in a report on Jan. 16. "The settlement helps APS maintain an investment grade rating and supports PNW's dividend. Renewables and transmission projects will provide growth in the interim, in our view."

Forward Annual Dividend Yield: 4.4%

Rated "A+ (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin increased from the prior year.

Pinnacle has weak liquidity. Its Quick Ratio is 0.52, which demonstrates a lack of ability to meet its short-term cash needs.

In the third quarter, stockholders' net worth increased 4.76% from the previous year.

TheStreet Ratings' price target is $54.85. The stock closed Thursday at $48.53.

Find out which stocks have the highest dividend yields.

-- Written by Alexandra Zendrian

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