HEI Declares Quarterly Dividend Of $0.34 Per Share

Rhea-AI Summary

The Board of Directors of Hawaiian Electric Industries (HE) declared a quarterly cash dividend of $0.34 per share, payable on December 10, 2021. The record date for shareholders is November 23, 2021, with an ex-dividend date of November 22, 2021. This dividend represents an annual rate of $1.36 per share, translating to a 3.3% yield based on the closing share price of $41.14 on the declaration date. Dividends have been paid uninterrupted since 1901.

Positive

• Quarterly cash dividend of $0.34 per share boosts shareholder income.
• Uninterrupted dividend payments since 1901 signal company stability.

Negative

• None.

HONOLULU, Nov. 4, 2021 /PRNewswire/ -- On November 4, 2021, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) declared a quarterly cash dividend of $0.34 cents per share, payable December 10, 2021, to shareholders of record at the close of business on November 23, 2021 (ex-dividend date of November 22, 2021). The dividend is equivalent to an annual rate of $1.36 per share.

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 4, 2021 of $41.14, HEI's dividend yield is 3.3%.

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 95% of Hawaii's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii's largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaii's sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.

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.

FAQ

What is the dividend amount declared by HE on November 4, 2021?

Hawaiian Electric Industries declared a quarterly cash dividend of $0.34 per share on November 4, 2021.

When will the dividend be paid to HE shareholders?

The dividend will be payable on December 10, 2021.

What is the ex-dividend date for HE's declared dividend?

The ex-dividend date for HE's declared dividend is November 22, 2021.

What is the annual dividend rate for HE based on the recent declaration?

The annual dividend rate for HE is $1.36 per share.

What is the dividend yield for HE based on the November 4, 2021 closing price?

The dividend yield for HE is 3.3% based on the closing price of $41.14.