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Hawaiian Electric Industries (NYSE:HE) declared a quarterly dividend on Friday, August 8th, American Banking reports. Shareholders of record on Friday, August 22nd will be given a dividend of 0.31 per share on Wednesday, September 10th. This represents a $1.24 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Wednesday, August 20th.

A number of analysts have recently weighed in on HE shares. Analysts at Zacks reiterated a “neutral” rating on shares of Hawaiian Electric Industries in a research note on Monday. They now have a $25.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. set a $23.00 price target on shares of Hawaiian Electric Industries in a research note on Wednesday, July 9th. They now have a “neutral” rating on the stock. Finally, analysts at TheStreet upgraded shares of Hawaiian Electric Industries to a “buy” rating in a research note on Friday, June 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Hawaiian Electric Industries presently has a consensus rating of “Buy” and a consensus target price of $25.13.

Hawaiian Electric Industries (NYSE:HE) opened at 23.55 on Friday. Hawaiian Electric Industries has a one year low of $22.71 and a one year high of $27.15. The stock has a 50-day moving average of $24.53 and a 200-day moving average of $24.73. The company has a market cap of $2.390 billion and a P/E ratio of 13.53.

Hawaiian Electric Industries, Inc (NYSE:HE) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii.

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