Pinnacle West Capital Corporation ( PNW ) will begin trading ex-dividend on July 30, 2013. A cash dividend payment of $0.545 per share is scheduled to be paid on September 03, 2013. Shareholders who purchased PNW stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that PNW has paid the same dividend. At the current stock price of $59.67, the dividend yield is 3.65%.
The previous trading day's last sale of PNW was $59.67, representing a -3.59% decrease from the 52 week high of $61.89 and a 22.45% increase over the 52 week low of $48.73.
PNW is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and NextEra Energy, Inc. ( NEE ). PNW's current earnings per share, an indicator of a company's profitability, is $3.74. Zacks Investment Research reports PNW's forecasted earnings growth in 2013 as 3.38%, compared to an industry average of 5.8%.
For more information on the declaration, record and payment dates, visit the PNW Dividend History page.
Interested in gaining exposure to PNW through an Exchange Traded Fund [ETF]?
The following ETF(s) have PNW as a top-10 holding:
- First Trust Utilities AlphaDEX Fund ( FXU )
- Guggenheim S&P 500 Equal Weight Utilities ETF ( RYU )
- PowerShares S&P 500 Low Volatility Portfolio ETF ( SPLV )
- First Trust Value Line Dividend Index Fund ( FVD ).
The top-performing ETF of this group is FVD with an increase of 9.02% over the last 100 days. FXU has the highest percent weighting of PNW at 3.11%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.