HEI Maintains Quarterly Dividend Of $0.33 Per Share

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.

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 $0.33 cents per share, payable September 10, 2020, to shareholders of record at the close of business on August 21, 2020 (ex-dividend date of August 20, 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 August 4, 2020 of $35.62, HEI's dividend yield would be 3.7%.

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 HEI in 2020?

HEI's quarterly dividend for 2020 is $0.33 per share.

When will the dividend for HEI be paid?

The dividend will be paid on September 10, 2020.

What is the ex-dividend date for HEI's dividend?

The ex-dividend date for HEI's dividend is August 20, 2020.

What is HEI's annual dividend yield?

HEI's annual dividend yield is 3.7% based on the closing share price of $35.62.