Here's How You Can Earn $100 In Passive Income By Investing In Pinnacle West Capital Stock

Pinnacle West Capital Corporation PNW provides retail and wholesale electric services primarily in Arizona. The company generates, transmits and distributes electricity using coal, nuclear, gas, oil and solar generating facilities.

It will report its Q4 2024 earnings on February 25. Wall Street analysts expect the company to post an EPS of ($0.15), down from $0.00 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.05 billion, up from $991.57 million in the year-ago period.

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The 52-week Pinnacle West Capital stock price range was $65.20 to $95.42.

Pinnacle West Capital’s dividend yield is 4.38%. During the last 12 months, it paid $3.58 per share in dividends.

The Latest On Pinnacle West Capital

On November 6, 2024, the company announced its Q3 2024 earnings, posting a GAAP EPS of $3.37 compared to the consensus estimate of $3.48 and revenues of $1.77 billion compared to the consensus of $1.87 billion, as reported by Benzinga.

The company adjusted its 2024 consolidated earnings guidance upward to $5.00 to $5.20 per diluted share. Looking forward, it estimates its 2025 consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.

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How Can You Earn $100 Per Month As A Pinnacle West Capital Investor?

If you want to make $100 per month — $1,200 annually — from Pinnacle West Capital dividends, your investment value needs to be approximately $27,397, which is around 335 shares at $81.76 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables — the desired annual income ($1,200) and the dividend yield (4.38% in this case). So, $1,200 / 0.0438 = $27,397 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Pinnacle West Capital stock an attractive option for making a steady income of $100 per month by owning 335 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Pinnacle West Capital has raised its dividend consecutively for the last 13 years. 

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