Pinnacle West Stock To Go Ex-dividend Monday (PNW)
The ex-dividend date for Pinnacle West Capital Corporation (NYSE:PNW) is Monday, April 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $60.77 as of 9:31 a.m., the dividend yield is 3.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Pinnacle West Capital Corporation (NYSE: PNW) is Monday, April 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $60.77 as of 9:31 a.m. ET, the dividend yield is 3.6%. The average volume for Pinnacle West has been 686,600 shares per day over the past 30 days. Pinnacle West has a market cap of $6.63 billion and is part of the utilities sector and utilities industry. Shares are up 19.2% 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 17.2, 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Pinnacle West Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.