Hawaiian Electric Industries(NYSE:HE) Declares Dividend of $0.3100.

Hawaiian Electric Industries (NYSE:HE) had declared a cash dividend of $0.3100 on Aug 3, 2016. The shares will quote ex-dividend on Aug 22, 2016 and the record date has been fixed for Aug 24, 2016. On Aug 3, 2016 share price, the yield comes out to be 4.0642%. The dividend payable date has been fixed on Sep 12, 2016.

Hawaiian Electric Industries (HE) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.19% at a volume of 2,95,712. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.16. The peak price level was also seen at $31.16 while the days lowest was $30.88. Finally the shares closed at $30.94. The 52-week high of the shares is $34.98 while the 52-week low is $27.02. According to the latest information available, the market cap of the company is $3,348 M.

Hawaiian Electric Industries(HE) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $550.96M. Analysts had an estimated revenue of $588.65M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.36.

Hawaiian Electric Industries Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company Inc. (Hawaiian Electric) and its wholly owned subsidiaries Hawaii Electric Light Company Inc. (Hawaii Electric Light) and Maui Electric Company Limited (Maui Electric). The Electric utility segment is involved in the business of generating purchasing transmitting distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries ASB Hawaii Inc. (ASB Hawaii) and American Savings Bank F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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