Reasons to Buy Pinnacle West Capital (PNW) Stock Right Now

The Zacks Consensus Estimate for second-quarter sales is pinned at $1.13 billion, indicating year-over-year growth of 1.2%. Pinnacle West Capital continues to increase its shareholders' value through dividend payments. Currently, the company's quarterly dividend is 88 cents per share, resulting in an annualized dividend of $3.52 per share, up 1.7% from the previous level of $3.46. PNW's current dividend yield is 4.65%, better than the utility electric power industry's 3.74%. Pinnacle West Capital Corporatio ...