APS 2011 Annual Report Download - page 69

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45
PART II
ITEM 5. MARKET FOR REGISTRANTS’ COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Pinnacle West’s common stock is publicly held and is traded on the New York Stock
Exchange. At the close of business on February 15, 2012, Pinnacle West’s common stock was held of
record by approximately 25,595 shareholders.
QUARTERLY STOCK PRICES AND DIVIDENDS PAID PER SHARE
STOCK SYMBOL: PNW
Dividends
2011 High Low Close Per Share
1st Quarter $ 44.07 $ 40.70 $ 42.79 $ 0.525
2nd Quarter 45.64 41.93 44.58 0.525
3rd Quarter 45.15 37.28 42.94 0.525
4th Quarter 48.87 40.87 48.18 0.525
Dividends
2010 High Low Close Per Share
1st Quarter $ 38.37 $ 34.62 $ 37.73 $ 0.525
2nd Quarter 39.10 32.31 36.36 0.525
3rd Quarter 41.75 35.71 41.27 0.525
4th Quarter 42.68 39.97 41.45 0.525
APS’s common stock is wholly-owned by Pinnacle West and is not listed for trading on any
stock exchange. As a result, there is no established public trading market for APS’s common stock.
The chart below sets forth the dividends paid on APS’s common stock for each of the four
quarters for 2011 and 2010.
Common Stock Dividends
(Dollars in Thousands)
Quarter 2011 2010
1st Quarter $ 57,100 $ 42,500
2nd Quarter 57,200 56,900
3rd Quarter 57,300 56,900
4th Quarter 57,300 26,100
The sole holder of APS’s common stock, Pinnacle West, is entitled to dividends when and as
declared out of legally available funds. As of December 31, 2011, APS did not have any outstanding
preferred stock.