Pinnacle West Declares Quarterly Dividend

12/16/2015

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporation’s (NYSE: PNW) Board of Directors today declared a quarterly dividend of $0.625 per share of common stock, payable on March 1, 2016, to shareholders of record on February 1, 2016.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $15 billion, about 6,200 megawatts of generating capacity and about 6,400 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the Company provides retail electricity service to nearly 1.2 million Arizona homes and businesses. For more information about Pinnacle West, visit the Company’s website at pinnaclewest.com.

Source: Pinnacle West Capital Corporation

Pinnacle West Capital Corporation

Media Contact:

Alan Bunnell, 602-250-3376

Analyst Contact:

Paul Mountain, 602-250-4952

Website: pinnaclewest.com