Hawaiian Electric Industries, Inc. (NYSE:HE) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.33 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 3.54 percent. Shareholders who purchased HE shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Hawaiian Electric Industries, Inc. recently reported second quarter financial results on August 6, 2020, before market open, the Honolulu based company unveiled income for the second quarter of $ 0.45 per share, from the revenue of $ 608.95 million. The quarterly earnings gained 15.38 percent while revenues dropped 14.89 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.37 per share from $ 639.66 million in revenue. The bottom line results beat street analysts by $ 0.08 or 21.62 percent, at the same time, top line results fell short of analysts by $ 30.71 million or 4.8 percent.
Stock Performance
On Friday, shares of Hawaiian Electric Industries, Inc. has traded high as $ 37.44 and has cracked $ 36.75 on the downward trend, reaching $ 37.33 with volume of 513.00 thousand shares.
According to the previous trading day, closing price of $ 37.33, representing a 15.08 % increase from the 52 week low of $ 31.83 and a 33.58 % decrease over the 52 week high of $ 55.15.
The company has a market capital of $ 4.08 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The companys Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.
