Hawaiian Electric Industries, Inc. Maintains Dividend
Business Wire
Nov 02, 2009
The board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE)
today maintained the regular quarterly cash dividend of 31 cents per
share, payable December 10, 2009, to shareholders of record at the close
of business on November 16, 2009, (ex-dividend date is November 12,
2009). The dividend is equivalent to an annual rate of $1.24 per share.
Dividends have been paid continuously since 1901. At the indicated
annual dividend rate and the closing share price on October 30, 2009, of
$17.85, HEI’s yield is 7%.
HEI supplies power to over 400,000 customers or 95% of the Hawaii market
through its electric utilities, Hawaiian Electric Company, Inc., Hawaii
Electric Light Company, Inc. and Maui Electric Company, Limited and
provides a wide array of banking and other financial services to
consumers and businesses through American Savings Bank, F.S.B., one of
Hawaii’s largest financial institutions.
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