Early Retirement Portfolio: 5 Stocks to Live Off Dividends Revisited

4. Pinnacle West Capital Corporation (NYSE:PNW)

Dividend Yield as of December 26: 4.93%

Pinnacle West Capital Corporation (NYSE:PNW) is an Arizona-based electric services company that offers related services to residential, commercial, industrial, and governmental customers across a significant portion of the state. On December 13, the company declared a quarterly dividend of $0.88 per share, which was in line with its previous dividend. Overall, the company has grown its dividends for 12 consecutive years. As of December 26, the stock has a dividend yield of 4.93%.

As of the close of Q3 2023, 20 hedge funds in Insider Monkey’s database owned stakes in Pinnacle West Capital Corporation (NYSE:PNW), which remained unchanged from the previous quarter. The consolidated value of these stakes is more than $257.5 million.

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