Monday Is Your Last Chance To Buy Pinnacle West Capital Before The Dividend Payout

Monday marks the last chance for investors to receive the next dividend payout from Pinnacle West Capital PNW.

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 88 cents per share. On Tuesday, Pinnacle West Capital will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 88 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own PNW as of the end of Monday's session are eligible to receive the 88 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Pinnacle West Capital's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.