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.
Ex-Div Reminder for Hawaiian Electric Industries Cumulative Quarterly Income Preferred Securities, Series 2004
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