PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corporations (NYSE: PNW) Board of Directors today declared a quarterly dividend of $0.545 per share of common stock, payable on March 1, 2013, to shareholders of record on February 1, 2013.

Pinnacle West Capital , an energy holding company based in Phoenix, has consolidated assets of about $13.5 billion, more than 6,300 megawatts of generating capacity and about 6,700 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service , the Company provides retail electricity service to more than 1.1 million Arizona homes and businesses. For more information about Pinnacle West, visit the Companys website at pinnaclewest.com.

Pinnacle West Capital Corp.
Media Contact:
Alan Bunnell, 602-250-3376
Analyst Contact:
Rebecca Hickman, 602-250-5668
Website: pinnaclewest.com

Source: Pinnacle West Capital Corp.