NEW YORK ( TheStreet) -- The ex-dividend date for Pinnacle West Capital Corporation (NYSE: PNW) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 53 cents per share. At a price of $48.43 as of 9:30 a.m. ET, the dividend yield is 4.4%. The average volume for Pinnacle West has been 655,800 shares per day over the past 30 days. Pinnacle West has a market cap of $5.26 billion and is part of the utilities sector and utilities industry. Shares are down 0.1% year to date as of the close of trading on Wednesday. Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. The company has a P/E ratio of 16.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter