HE dividend yield calculator – Hawaiian Electric Industries Declares Cash Dividend of 0.36 per Share

Dividends Yield

HE dividend yield calculator – On February 14 2023, Hawaiian Electric Industries ($NYSE:HE) Inc. (HEI) declared a cash dividend of 0.36 per share. If you’re looking for a dividend stock, Hawaiian Electric Industries is definitely a great option. It has been steadily increasing its dividend payments over the past three years, issuing an annual dividend per share of 1.39, 1.36 and 1.32 USD, giving a yield of 3.34%, 3.35% and 3.41%, respectively, with an average dividend yield of 3.37%. The ex-dividend date for 2023 is February 22. They are also involved in the sale of renewable energy certificates, and the sale and installation of solar power systems, as well as other energy related services. The company is committed to delivering reliable and affordable energy to the islands through its commitment to clean energy sources such as wind, solar and geothermal energy. The company has a strong history of successful operations, and its financials demonstrate strong cash flow generation capabilities. Hawaiian Electric Industries also has a long track record of delivering shareholder value through dividends and share repurchases. It has also been actively investing in renewable energy projects, with the aim of creating a clean energy future for the Hawaiian Islands.

In addition, they have been increasing their presence in international markets, including in Japan and China. Hawaiian Electric Industries provides investors with an attractive opportunity to capitalize on the growth potential of the Hawaiian energy market, while also providing exposure to a variety of other energy markets around the world.

Share Price

The company also operates a banking business and owns a portfolio of investments in real estate and other businesses. On Tuesday, HAWAIIAN ELECTRIC INDUSTRIES stock opened at $43.0 and closed at $41.8, down by 2.9% from last closing price of 43.0. The decrease in earnings was mainly due to lower residential electricity sales and higher operating expenses. Hawaiian Electric Industries Inc.’s success is driven by its strong commitment to delivering reliable service, its focus on clean energy, and its ability to provide exceptional customer service. The company is well-positioned to continue providing reliable energy to its customers and delivering attractive shareholder returns through its dividend policy. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HE. More…

Key Ratios Snapshot

Some of the financial key ratios for HE are shown below. More…

Analysis – HE Intrinsic Value Calculator

GoodWhale has analyzed the fundamentals of HAWAIIAN ELECTRIC INDUSTRIES and has determined its fair value to be around $47.9. This fair value was calculated through GoodWhale’s proprietary Valuation Line, which takes into account various factors such as earnings, cash flow, debt, dividends, and other measures to determine a stock’s underlying value. At the moment, HAWAIIAN ELECTRIC INDUSTRIES stock is being traded at $41.8, representing a fair price that is currently undervalued by 12.7%. This could represent an opportunity for investors looking to purchase shares at a discounted rate. GoodWhale’s analysis indicates a strong overall performance for HAWAIIAN ELECTRIC INDUSTRIES, with healthy cash flow and a manageable level of debt compared to the industry average. This could provide an additional incentive to investors who may be considering an investment in the company. Overall, HAWAIIAN ELECTRIC INDUSTRIES appears to be a strong investment opportunity, particularly for those who are able to capitalize on its current discounted price. However, it is always important to do your own research and make sure you understand the risks associated with any stock before investing. 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

Investing in Hawaiian Electric Industries (HEI) could offer a steady income stream, with the company having paid out a dividend for the last three years. With an ex-dividend date of February 22, 2023, investors can expect to see the dividend issued in March. Overall, Hawaiian Electric Industries stock could be an attractive option for dividend investors looking to stabilize their portfolio and reap the rewards of a steady income stream. The company’s financial performance and relatively low debt levels could also provide a level of safety to the investor.