HE dividend yield calculator – Hawaiian Electric Industries Announces 0.36 Cash Dividend
May 27, 2023
Dividends Yield
Hawaiian Electric Industries ($NYSE:HE) Inc. has announced a 0.36 cash dividend on May 26, 2023. This dividend per share follows a pattern of issuing dividends of 1.41, 1.4 and 1.36 USD in the last three years. It’s dividend yields over the past three years have been 3.45%, 3.45% and 3.35%, with an average yield of 3.42%. The ex-dividend date for the upcoming dividend is May 18, 2023.
With a steady pattern of dividends in the last three years and an above-average dividend yield, it could be a great long-term investment. Investors should also take into account the company’s overall performance and the current economic environment before making any decisions.
Market Price
HEI shares opened Friday at $35.9 and closed at $36.0, representing a 0.4% increase from the prior closing price of $35.8. This dividend payment marks the fourth consecutive quarter that HEI has declared a dividend. The company continues to maintain a strong track record of dividend payments, which it has done for the past fifty four years. This payment is a sign of HEI’s commitment to rewarding shareholders with a steady stream of income. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HE. More…
| Total Revenues | Net Income | Net Margin |
| 3.89k | 226.69 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HE. More…
| Operations | Investing | Financing |
| 327.93 | -324.08 | -19.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.28k | 14.08k | 20.1 |
Key Ratios Snapshot
Some of the financial key ratios for HE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 5.0% | 10.1% |
| FCF Margin | ROE | ROA |
| -0.0% | 11.1% | 1.5% |
Analysis
GoodWhale has analyzed the fundamentals of HAWAIIAN ELECTRIC INDUSTRIES and found it to be a low risk investment in terms of financial and business aspects. Our Risk Rating assessment has detected that there are three risk warnings in income sheet, balance sheet and cashflow statement. If you would like to find out more, please register on GoodWhale.com. Our analytics provide an in-depth analysis of the company, including its financial performance, liquidity, debt, and other key factors. The results can help you to make more informed investment decisions and give you better visibility into the company’s risk profile. With GoodWhale, you can get access to a comprehensive suite of tools and resources to analyze the fundamentals of a company and make the best investment decisions. More…
Peers
Its competitors in the electric power industry include Pinnacle West Capital Corp, Evergy Inc, Federal Grid Co of Unified Energy System PJSC. HEI has a long history dating back to its founding in 1881 and is the largest electric utility in Hawaii, with over 400,000 customers.
– Pinnacle West Capital Corp ($NYSE:PNW)
Pinnacle West is an electric utility company headquartered in Phoenix, Arizona. It is the parent company of Arizona Public Service, the state’s largest electric utility. The company serves more than two million customers in Arizona.
Pinnacle West has a market capitalization of $7.61 billion as of 2022 and a return on equity of 9.57%. The company is the largest electric utility in Arizona and serves more than two million customers.
– Evergy Inc ($NYSE:EVRG)
Evergy Inc is a holding company that engages in the generation, transmission, and distribution of electricity in the United States. It operates through two segments: Kansas Operations and Missouri Operations. The company has a market cap of 13.95B as of 2022 and a ROE of 8.82%. Evergy Inc was founded in 1925 and is headquartered in Kansas City, Missouri.
Summary
Investors looking to add to their dividend portfolio may want to consider HAWAIIAN ELECTRIC INDUSTRIES. Over the last three years, the company has paid out dividends per share of 1.41, 1.4 and 1.36 USD respectively, with an average yield of 3.42%. This rate has held firm over the past three years, with yields of 3.45%, 3.45% and 3.35%, respectively. Due to its consistent dividend payments and relatively high yield, HAWAIIAN ELECTRIC INDUSTRIES could be a lucrative investment for those interested in dividend stocks.
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