HEI Maintains Quarterly Dividend Of $0.33 Per Share

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.

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 $0.33 cents per share, payable December 10, 2020, to shareholders of record at the close of business on November 20, 2020 (ex-dividend date of November 19, 2020). The dividend would be equivalent to an annual rate of $1.32 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 3, 2020 of $34.45, HEI's dividend yield would be 3.8%.

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 95% of Hawaii's population through its electric utility, Hawaiian Electric; provides a wide array of banking and other financial services to consumers and businesses through American, one of Hawaii's largest financial institutions; and helps advance Hawaii's clean energy and sustainability goals through investments by its non-regulated subsidiary, Pacific Current, LLC.

Contact:	Julie Smolinski		Telephone: (808) 543-7300
	Director, Investor Relations		E-mail: ir@hei.com

 

 

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SOURCE Hawaiian Electric Industries, Inc.

FAQ

What is the dividend amount for HE in 2020?

Hawaiian Electric Industries, Inc. maintains a quarterly dividend of $0.33 per share.

When is the dividend payment date for HE shareholders?

The dividend is payable on December 10, 2020, to shareholders of record by November 20, 2020.

What is the dividend yield for HE based on recent share price?

The dividend yield is 3.8% based on a closing share price of $34.45 on November 3, 2020.

How long has HE been paying dividends?

HE has paid dividends uninterrupted since 1901.