HEI Maintains Quarterly Dividend Of $0.33 Per Share
On August 4, 2020, the Board of Directors of Hawaiian Electric Industries (HEI) announced the maintenance of its quarterly cash dividend at $0.33 per share, payable on September 10, 2020.
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Rhea-AI Summary
On August 4, 2020, the Board of Directors of Hawaiian Electric Industries (HEI) announced the maintenance of its quarterly cash dividend at $0.33 per share, payable on September 10, 2020. Shareholders of record will be noted as of the close of business on August 21, 2020, with an ex-dividend date of August 20, 2020. This aligns with HEI's long-standing practice of uninterrupted dividend payments since 1901, translating to an annual dividend rate of $1.32, providing a dividend yield of 3.7% based on the closing share price of $35.62 on August 4, 2020.
Positive
- HEI maintains a consistent quarterly dividend of $0.33 per share, increasing investor confidence.
- The annual dividend rate of $1.32 translates to a dividend yield of 3.7%, attractive for income-focused investors.
- Uninterrupted dividend payments since 1901 reflect a strong history and reliability.
Negative
- None.
Details
News Market Reaction – HE
The recorded move for HE in the trading session of this news was -1.94%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, Aug. 5, 2020 /PRNewswire/ -- On August 4, 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 August 4, 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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