Pinnacle West Capital Declares $0.895 Quarterly Dividend

Published 51 minutes agoPNW

This dividend declaration comes ahead of the company’s Q1 2025 earnings release and conference call set for May 1. According to Insider Monkey, maintaining dividend consistency is a strategic move as the company declared the same $0.895 per share dividend last December, which was paid out in March 2025.

Pinnacle West Capital’s recent actions appear aligned with its strategy to sustain shareholder returns. The company's announcement reinforces its commitment to steady dividend payouts, reflecting its confidence in stable financial performance heading into the Q1 earnings call.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Teck Resources Triumphs with Q1 Earnings Beat, Shares Surge

6 minutes agoTECK

Teck Resources has surpassed both revenue and earnings expectations for the first quarter of 2025, reporting an impressive earnings per share of $0.33. This figure represents a 50% positive surprise compared to the projected $0.22 per share, leading to a notable uptick in the company's share price. The mining giant's financial achievements for Q1 2025 were supported by an adjusted EBITDA of $927 million, more than twice the figure from the same period last year. This boost in profitability was driven by favorable market prices for copper and zinc, alongside increased sales volumes of these essential commodities. According to Seeking Alpha, Teck Resources also bolstered its fiscal strength, ending the quarter with a $764 million net cash position. Despite ongoing market uncertainties, Teck Resources remains focused on sustaining growth while ensuring returns for shareholders. With a resilient balance sheet and a robust commercial strategy, the company has reaffirmed its full-year 2025 outlook, which continues to prioritize both expansion and financial stability.

Patterson-UTI Surpasses Earnings Expectations with Break-Even Q1 Performance

21 minutes agoPTEN

Patterson-UTI Energy reported a significant earnings surprise for the first quarter of 2025, achieving break-even earnings per share (EPS) against expectations of a $0.04 loss. This marks a sharp income contrast from the EPS of $0.15 recorded in the same period last year. The company also posted revenue of $1.28 billion, which exceeded consensus estimates by 7.67% despite a drop from $1.51 billion in the first quarter of 2024. According to Insider Monkey, the reported earnings and revenue figures were a positive development for Patterson-UTI, which has struggled to meet earnings predictions in previous quarters. However, the impressive financial performance did not shield the company from broader market challenges; its shares have plunged 28.8% since the start of the year, lagging behind the S&P 500’s 10.1% decline. Despite current share performance, Patterson-UTI has expressed optimism for the second quarter of 2025, aiming to build on the progress made. Management's upbeat outlook suggests a focus on operational and financial enhancements. Investors now await further insights from the company's earnings call, which could shed light on how Patterson-UTI plans to sustain this earnings momentum amid fluctuating market conditions.

Tesla Sees Third Straight Month of Sales Decline in Europe

36 minutes agoTSLA

Tesla's woes in the European market continue as the company reported a 36% drop in new car registrations for March compared to the same month last year. This marks the third consecutive month of declining sales in the EU, with the figure standing at 18,224 vehicles, according to relevant reports. The company's performance in the first quarter of 2025 paints a challenging picture, with sales across Europe plummeting by 38%. Notably, even as the general electric vehicle market experiences growth, Tesla's sales have declined significantly in key countries such as the Netherlands, Sweden, Denmark, France, and Austria. According to Insider Monkey, Tesla's sales struggles may be attributed to increased competition, particularly from Volkswagen, which is gaining a strong foothold in the electric vehicle segment in Europe. Additionally, factors such as CEO Elon Musk's political statements and consumer anticipation for the new Model Y might be contributing to the decline as potential buyers delay their purchases.

Pinnacle West Capital Declares $0.895 Quarterly Dividend

51 minutes agoPNW

Pinnacle West Capital has announced a quarterly dividend of $0.895 per share, as conveyed on April 23-24, 2025. Shareholders can expect to receive this payout on June 2, 2025. To be eligible, investors must have their shares recorded by May 5, 2025. This dividend declaration comes ahead of the company’s Q1 2025 earnings release and conference call set for May 1. According to Insider Monkey, maintaining dividend consistency is a strategic move as the company declared the same $0.895 per share dividend last December, which was paid out in March 2025. Pinnacle West Capital’s recent actions appear aligned with its strategy to sustain shareholder returns. The company's announcement reinforces its commitment to steady dividend payouts, reflecting its confidence in stable financial performance heading into the Q1 earnings call.