APS Declares Quarterly Dividends on Preferred Stock.PHOENIX--(BUSINESS WIRE)--March 17, 1998--The APS Board of Directors declared quarterly dividends at the regular rate on 10 outstanding issues of cumulative preferred stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. today (March 17). Additionally, a quarterly dividend of $1.5000 per share was declared on the company's adjustable rate Adjustable rate Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. cumulative preferred stock, Series Q. Preferred dividends are payable June 1, 1998, to shareholders of record at the close of business May 1, 1998. Arizona's largest and longest-serving electric utility, APS serves more than 765,000 customers in 11 of the state's 15 counties. APS, based in Phoenix, is the largest subsidiary of Pinnacle West Capital Corporation (NYSE NYSE See: New York Stock Exchange :PNW PNW Pacific Northwest PNW Palestinian Airlines (ICAO code) PNW Probes Northwest (Ford Probe owners club) PNW Prescott and Northwestern Railroad Company PNW Printer Not Working PNW Personal Netware ). CONTACT: APS Sally Stewart, 602/250-3261 http://www.apsc.com |
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