On 12/26/13, Hawaiian Electric Industries, Inc.'s 6.500% Cumulative Quarterly Income Preferred Securities, Series 2004 (HE.PRU) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 12/31/13. As a percentage of HE.PRU's recent share price of $25.60, this dividend works out to approximately 1.59%, so look for shares of HE.PRU to trade 1.59% lower — all else being equal — when HE.PRU shares open for trading on 12/26/13. On an annualized basis, the current yield is approximately 6.29%, which compares to an average yield of 5.37% in the "Utilities" preferred stock category, according to Preferred Stock Channel.
As of last close, HE.PRU was trading at a 3.40% premium to its liquidation preference amount. The chart below shows the one year performance of HE.PRU shares, versus HE:
Below is a dividend history chart for HE.PRU, showing historical dividends prior to the most recent $0.4062 on Hawaiian Electric Industries, Inc.'s 6.500% Cumulative Quarterly Income Preferred Securities, Series 2004:
According to the ETF Finder at ETF Channel, Hawaiian Electric Industries, Inc. (HE) makes up 1.84% of the SuperDividend U.S. ETF (DIV) which is trading higher by about 0.3% on the day Tuesday.