HEI Maintains Quarterly Dividend Of $0.33 Per Share
On November 3, 2020, Hawaiian Electric Industries, Inc. (HE) announced its quarterly cash dividend of $0.33 per share, payable on December 10, 2020, to shareholders of record by November 20, 2020.
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, 2020, Hawaiian Electric Industries, Inc. (HE) announced its quarterly cash dividend of $0.33 per share, payable on December 10, 2020, to shareholders of record by November 20, 2020. This maintains an uninterrupted dividend payout since 1901, translating to an annual rate of $1.32 per share. At a share price of $34.45, the dividend yield stands at 3.8%.
HEI serves approximately 95% of Hawaii's population and aims to support Hawaii's clean energy goals.
Positive
- Quarterly cash dividend maintained at $0.33 per share.
- Dividend yield of 3.8% based on November 3 share price.
- Uninterrupted dividend payments since 1901 demonstrate financial stability.
Negative
- None.
Details
News Market Reaction – HE
The recorded move for HE in the trading session of this news was -2.79%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, Nov. 4, 2020 /PRNewswire/ -- On November 3, 2020, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) maintained 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, 2020 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 on HEI's website in the Investor Relations section. 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, F.S.B.'s (American) press releases, HEI's and Hawaiian Electric's Securities and Exchange Commission (SEC) filings and HEI's public conference calls and webcasts. The information on HEI's website is not incorporated by reference in this document or in 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 in order to review documents filed with and issued by the PUC. No information on the PUC website is incorporated by reference in this document or in HEI's and Hawaiian Electric's SEC filings.
HEI supplies power to approximately
Contact: | Julie Smolinski | Telephone: (808) 543-7300 | |
Director, Investor Relations | E-mail: ir@hei.com |
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SOURCE Hawaiian Electric Industries, Inc.
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