Earnings payout ratio is moderate, no sustained growth pattern yet.
Based on TTM and annual data · Not a buy/sell signal
Score Breakdown
Safety
40% of composite
Growth
35% of composite
Income
25% of composite
Composite = Safety (50) × 0.40 + Growth (0) × 0.35 + Income (0) × 0.25 = 20
Dividend Safety
Earnings Payout
0.0%
FCF Payout
–
FCF Coverage
–
Dividend Growth
Per Share (TTM)
$0.00
Growth Streak
–
5Y CAGR
-11.5%
Dividend history
| Fiscal year | Per share | Change |
|---|---|---|
| 2023 | $0.67 | -52.0% |
| 2022 | $1.40 | +2.9% |
| 2021 | $1.36 | +3.0% |
| 2020 | $1.32 | +3.1% |
| 2019 | $1.28 | +3.2% |
| 2018 | $1.24 | 0.0% |
| 2017 | $1.24 | 0.0% |
| 2016 | $1.24 | 0.0% |
| 2015 | $1.24 | 0.0% |
| 2014 | $1.24 | 0.0% |
Newest 10 of 16 fiscal years; the chart above has the full series. Each payment counts toward the fiscal year it is paid for, so a final dividend paid in spring belongs to the year before. Figures are adjusted for stock splits, so a fall is a cut.
Computed from SEC filings. Ex-dividend and payment dates are not part of those filings, so they are not shown here. This is analysis, not investment advice.
Does Hawaiian Electric Industries (HE) pay a dividend?
Frequently asked
Does Hawaiian Electric Industries (HE) pay a dividend?+
No. Hawaiian Electric Industries (HE) does not currently pay a dividend. The last payment in our data was in 2023, and nothing has been paid since.
How does Hawaiian Electric Industries return cash to shareholders?+
It largely does not. Hawaiian Electric Industries pays no dividend and we do not see a meaningful reduction in share count over the last twelve months, so cash is being retained in the business or spent on growth rather than returned. That is common for companies reinvesting heavily, and it means your return depends entirely on the share price.
Could Hawaiian Electric Industries afford to pay a dividend?+
Not currently. Hawaiian Electric Industries's free cash flow is negative at -$566 million, meaning the business consumed cash over the period rather than generating it. A company funding a dividend from cash it is not producing would be paying shareholders out of its balance sheet or borrowings, which is not sustainable.
Which utilities companies do pay dividends?+
Our Utilities sector page ranks the companies we cover by dividend score, which combines payout safety, free cash flow coverage and growth record. If income is what you are after, start there rather than with Hawaiian Electric Industries.
SourceDividend analysis computed from the 10-Q filed 31 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Fiscal year ends Dec. Earnings payout = dividends / net income. FCF payout = dividends / FCF. Yield = TTM DPS / price.
Peers
Electric Services · Pick stocks to compare with HE
Held by ETFs
HE is in 62 US ETFs. The largest of them, with HE's weight in each:
Spot a number that looks wrong? Check it in HE's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing HE
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.