Hawaiian Electric Industries Inc.
S&P 500HE/Utilities · Utilities - Regulated Electric/NYSE
Dividend Yield
11.10%
$1.43 · Annual Dividend
Dividend Safety Rating
HE's dividend shows some areas that warrant monitoring. Strengths include a 0.0% earnings payout ratio & 3.2% fcf payout ratio. Areas of concern: 2.5x interest coverage & 8.0% return on equity. As a utility, higher payout ratios and leverage are typical for this regulated sector.
Based on 15 of 15 metrics
Strengths
- Earnings Payout Ratio: 0.0%Low earnings payout ratio leaves room to grow the dividend.
- FCF Payout Ratio: 3.2%Free cash flow comfortably covers the dividend.
- CFO Payout Ratio: 0.5%Operating cash flow strongly supports the payout.
Risks
- Gross Margin: 7.1%Gross margin is low and limits flexibility.
- 5-Year Dividend CAGR: -2.7%Dividend growth has been weak or negative.
- Interest Coverage: 2.5xInterest coverage is thin relative to debt servicing.
Payout & Coverage
SafeBalance Sheet
SafeProfitability
WarningDividend Track Record
CautionAbout Hawaiian Electric Industries Inc.
Hawaiian Electric Industries Inc. is a holding company that plays a vital role in providing electric utility services to a substantial portion of the Hawaiian Islands. Primarily engaged in the generation, transmission, and distribution of electricity, the company operates through its subsidiaries to deliver reliable power to residential, commercial, and industrial customers across Hawaii. Hawaiian Electric Industries is significantly involved in the state’s progression towards renewable energy, contributing to the development of sustainable energy solutions and integration of renewable sources like solar and wind into the grid. Furthermore, the company’s operations span the banking sector through its subsidiary, American Savings Bank, which provides financial services and products including loans, deposits, and credit cards. Hawaiian Electric Industries is pivotal in the economic landscape of Hawaii, playing an essential role in both energy infrastructure and financial services, thereby supporting both the daily lives and business operations throughout the region.
Dividend Overview
Dividend Yield
11.10%
Annual Dividend
$1.43
Frequency
Quarterly
Payout Ratio
0.00%
FCF Payout Ratio
3.20%
52-Week Range
$10.38 - $17.38
Dividend History (2016–2025)
HE annual dividend per share and yield history
Earnings & Profitability
HE earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
August 17, 2023
Last Payment Date
September 8, 2023
Dividend Growth
3-Year Dividend CAGR
-6.47%
5-Year Dividend CAGR
-2.73%
10-Year Dividend CAGR
N/A
3-Year Total Growth
-18.18%
5-Year Total Growth
-12.90%
10-Year Total Growth
N/A
Income Calculator
Frequently Asked Questions
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How is HE's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.