Pinnacle West Declares Quarterly Dividend

First-Quarter Earnings Conference Call Scheduled for May 8

Pinnacle West Capital Corporation's PNW board of directors today declared a quarterly dividend of $0.7825 per share of common stock, payable on June 1, 2020, to shareholders of record at the close of business on May 4, 2020.

Earnings Release, Webcast and Conference Call

In addition, as previously announced, Pinnacle West plans to release its 2020 first-quarter results before the U.S. financial markets open on Friday, May 8, 2020.

That same day at noon ET (9 a.m. Arizona time), the Company will host a live webcast of management's conference call to discuss the Company's results, as well as recent developments. A replay of the webcast can be accessed at pinnaclewest.com/presentations. To access the live conference call by telephone, dial 877-407-8035 or 201-689-8035 for international callers. A replay of the call also will be available until 11:59 p.m. ET, Friday, May 15, 2020, by calling (877) 481-4010 in the U.S. and Canada or (919) 882-2331 internationally and entering passcode 33890.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $19 billion, about 6,300 megawatts of generating capacity and 6,200 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to nearly 1.3 million Arizona homes and businesses. For more information about Pinnacle West, visit the company's website at pinnaclewest.com.

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