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8 High-Dividend Utility Stocks to Watch

1. Hawaiian Electric Industries (HE - Get Report), a holding company, operating though its principal subsidiaries engages in the business of electric utility, banking and other services in Hawaii. The company's electric subsidiary Hawaiian Electric Company and its two operating utility subsidiaries are regulated electric public utilities. The company will release its second quarter 2011 results on WednesdayAugust 3.

On June 14, the company paid its regular quarterly cash dividend of 31 cents per share, amounting to an annual dividend of $1.24 per share. Paying dividends continually since 1901, the company's current dividend yield is 5.0%.

Analysts polled by Bloomberg expect it to record second-quarter net income of $30.9 million or 33 cents per share, vs. $29.74 million or 31 cents per share in the same quarter of the prior year. Sales are seen soaring by 5% to $691.33 million from $655.66 million earlier. Operating profit is seen increasing by 7%% to $68.20 million while EBITDA is seen rising by 2% to $106.5 million. Cash flow per share is seen swinging to positive 72 cents from negative 14 cents in the first quarter of 2011.

Of the six analysts covering the stock, 17% recommend a buy while 67% suggest a hold. Analysts polled by Bloomberg see the stock gaining an average 7.0% to $25.00 in the upcoming 12 months.

>>To see these stocks in action, visit the 8 High-Dividend Utility Stocks to Watch portfolio on Stockpickr.

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AWK $54.24 1.50%
CNP $20.58 0.78%
HE $32.59 1.40%
LNT $62.06 1.20%
NU $51.84 -1.46%


DOW 17,684.94 +6.71 0.04%
S&P 500 2,058.81 +2.66 0.13%
NASDAQ 4,875.09 +11.7280 0.24%

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