Pinnacle West Capital Corporation

PNW
Utilities
$102.94
3.52%Overvalued

Pinnacle West Capital Corporation (PNW) is a Utilities company that currently yields 3.52% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $65.79 and the overvaluation threshold at $89.35. Pinnacle West Capital Corporation holds a quality score of 45/100 (Average), reflecting 14 consecutive years of dividend growth with a 67% payout ratio. The 5-year dividend CAGR stands at 2.5%.

PNW Dividend Yield History — Weiss Valuation

Underval. $65.79Overval. $89.35

Distance to undervalued

Entry price is stretched

Needs 36.1% downside to reach the Weiss buy zone

Undervaluation starts near $65.79, where the annual dividend would imply roughly 5.51% yield. That is 1.99% above today's yield.

Buy-zone price

$65.79

Target yield

5.51%

Research checklist

What to clear before buying the yield

Updated May 25, 2026

Dividend durability

14Y

Long dividend history supports a deeper look.

Earnings payout

67%

Earnings coverage leaves room for noise.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

2.5%

Lower growth changes the return trade-off.

What changed

What changed since the last update

2026-05-232026-05-25

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Pinnacle West Capital Corporation is trading near its historical overvaluation band.

Current yield 3.5% vs historical max 6.8% (52% of maximum).

14 consecutive years without a dividend cut.

Reasonable payout ratio of 67%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 45/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

PNW Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$361

Year 10 Income

$641

Yield on Cost

6.7%

Total Income

$4,864

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

PNW Dividend Quality Score

Quality Score

45/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)8/20
Yield vs History5/15
FCF Coverage0/15

Key Metrics

Current Price$102.94
Annual Dividend$3.63
Current Yield3.52%
Yield — Max (10Y)6.81%
Yield — Min (10Y)4.12%
Undervalued Below$65.79
Overvalued Above$89.35
Payout Ratio67.35%
CAGR Dividend 5Y2.5%
CAGR Dividend 10Y4.1%
Years No Cut14y

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14
consecutive years of dividend growth