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Pinnacle West Capital increases dividend by 6.1%

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Pinnacle West Capital increases dividend by 6.1%

Pinnacle West Capital Corp. increased its quarterly dividend by 6.1% to 69.5 cents per share, payable Dec. 1 to shareholders of record Nov. 1.

The dividend equates to $2.78 per share on an annualized basis, an increase of 16 cents per share over the previous annual rate.