Categorized | Business, Energy

HEI maintains quarterly dividend


On Oct. 29, 2010, the board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE) maintained the regular quarterly cash dividend of 31 cents per share, payable Dec. 10, 2010, to shareholders of record at the close of business Nov. 15 (ex-dividend date is Nov. 10).

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 29, 2010 of $22.54, HEI’s yield is 5.5 percent.

HEI supplies power to more than 400,000 customers or 95 percent 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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