Pinnacle West Stock To Go Ex-dividend Monday (PNW)

NEW YORK ( TheStreet) -- The ex-dividend date for Pinnacle West Capital Corporation (NYSE: PNW) is Monday, July 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 $53.84 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Pinnacle West has been 801,300 shares per day over the past 30 days. Pinnacle West has a market cap of $5.77 billion and is part of the utilities sector and utilities industry. Shares are up 11% year to date as of the close of trading on Thursday.

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 17, below the average utilities industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pinnacle West as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Pinnacle West Ratings Report.

See our dividend calendar or top-yielding stocks list.

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