HEI DECLARES QUARTERLY DIVIDEND OF $0.35 PER SHARE
On November 3, 2022, Hawaiian Electric Industries (HEI) declared a quarterly cash dividend of $0.35 per share, payable on December 9, 2022, to shareholders of record as of November 22, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On November 3, 2022, Hawaiian Electric Industries (HEI) declared a quarterly cash dividend of $0.35 per share, payable on December 9, 2022, to shareholders of record as of November 22, 2022. This dividend translates to an annual rate of $1.40 per share, providing a dividend yield of 3.8% based on the share price of $37.27 on the declaration date. HEI has maintained uninterrupted dividend payments since 1901.
Positive
- Quarterly dividend of $0.35 per share enhances shareholder income.
- Uninterrupted dividend payments since 1901 demonstrate company reliability.
- Dividend yield of 3.8% offers an attractive return for investors.
Negative
- None.
Details
News Market Reaction – HE
The recorded move for HE in the trading session of this news was +1.66%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, Nov. 3, 2022 /PRNewswire/ -- On November 3, 2022, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) declared HEI's quarterly cash dividend of
Dividends have been paid on an uninterrupted basis since 1901. At the indicated annual dividend rate and based on the closing share price on November 3, 2022 of
HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI's website, www.hei.com, as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should routinely monitor the Investor Relations section of HEI's website, in addition to following HEI's, Hawaiian Electric's and American Savings Bank's press releases, HEI's and Hawaiian Electric's Securities and Exchange Commission (SEC) filings and HEI's public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the Investor Relations section of the website. The information on HEI's website is not incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings unless, and except to the extent, specifically incorporated by reference.
Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at dms.puc.hawaii.gov/dms to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings.
About HEI
The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI's electric utility, Hawaiian Electric, supplies power to approximately
Contact: Julie Smolinski Telephone: (808) 543-7300
Vice President, Investor Relations & Corporate Sustainability E-mail: ir@hei.com
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SOURCE Hawaiian Electric Industries, Inc.
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