NEW YORK ( TheStreet) -- The ex-dividend date for Hawaiian Electric Industries Inc (NYSE: HE) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 31 cents per share. At a price of $26.08 as of 9:47 a.m. ET, the dividend yield is 4.7%.

The average volume for Hawaiian Electric has been 533,000 shares per day over the past 30 days. Hawaiian Electric has a market cap of $2.6 billion and is part of the utilities sector and utilities industry. Shares are up 14.9% year to date as of the close of trading on Tuesday.

Hawaiian Electric Industries, Inc., through its subsidiaries, primarily engages in electric utility and banking businesses primarily in Hawaii. The company has a P/E ratio of 19.7, below the average utilities industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hawaiian Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hawaiian Electric Ratings Report.

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