APS 2015 Annual Report Download - page 47

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Table of Contents
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 12, 2016, Pinnacle West’s common stock was held of record by approximately 20,570 shareholders.
QUARTERLY STOCK PRICES AND DIVIDENDS PAID PER SHARE
STOCK SYMBOL: PNW
Dividends
2015
High
Low
Close
Per Share
1st Quarter
$ 73.31
$ 61.53
$ 63.75
$ 0.595
2nd Quarter
64.95
56.01
56.89
0.595
3rd Quarter
65.23
56.77
64.14
0.595
4th Quarter
67.02
60.70
64.48
0.625
Dividends
2014
High
Low
Close
Per Share
1st Quarter
$ 55.99
$ 51.15
$ 54.66
$ 0.5675
2nd Quarter
58.06
53.71
57.84
0.5675
3rd Quarter
57.95
52.13
54.64
0.5675
4th Quarter
71.11
54.59
68.31
0.595
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 2015 and 2014.
Common Stock Dividends
(Dollars in Thousands)
Quarter
2015
2014
1st Quarter
$ 65,800
$ 62,500
2nd Quarter
65,900
62,600
3rd Quarter
65,900
62,700
4th Quarter
69,300
65,800
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, 2015, APS did not have any outstanding preferred stock.
44