Pinnacle West Capital Corporation (NYSE:PNW) has declared a quarterly dividend of $0.525 per share of common stock. The dividend is payable to shareholders of record as of February 1, 2010. It will be payable on March 1, 2010.
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The company has also announced that it will release its fourth quarter earnings for 2009 on Friday, February 19, 2010. The company will host a conference call at 11:00 am ET that morning to review the results. Interested parties may listen to a webcast of the call online at www.pinnaclewest.com/presentations. The webcast will be archived on the site for thirty days following the end of the call.
Pinnacle West Capital Corporation (Pinnacle West) owns Arizona Public Service Company (APS), its major subsidiary. APS is a vertically integrated electric utility that provides either retail or wholesale electric service to most of the States of Arizona. Pinnacle West’s other principal subsidiary is SunCor Development Company (SunCor), which is engaged in real estate development activities in the western United States. Pinnacle West operates in two segments: the regulated electricity segment (accounting for 93% of operating revenues during the year ended December 31, 2008), which consists of regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution, and the real estate segment (accounting for 4% of operating revenues in 2008), which consists of SunCor’s real estate development and investment activities.
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