Pinnacle West Capital (NYSE:PNW) Reaches New 12-Month High - Here's What Happened

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Pinnacle West Capital (NYSE:PNW) shares hit a new 52-week high, trading at $100.65 on heavy volume. The company announced a quarterly dividend of $0.91, leading to an annual payout of $3.64 and a 3.6% yield. Analyst ratings are mixed with a consensus “Hold” and a target price of $97.33.

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