Does Hawaiian Electric Industries, Inc. (HE) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. Hawaiian Electric Industries, Inc. (HE) pays a dividend yielding about None. Suspended since the last $0.36 quarterly payment in September 2023 as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.36 per share, ex-dividend August 17, 2023.. Figures are approximate and dated; verify the current number with your broker.
Does Hawaiian Electric Industries, Inc. (HE) pay a dividend?
Yes. Hawaiian Electric Industries, Inc. distributes a dividend yielding roughly None. Suspended since the last $0.36 quarterly payment in September 2023 as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.36 per share, with an ex-dividend date of August 17, 2023.
HE screens strangely against utility peers because the usual anchors are missing: there is no dividend yield, the credit rating is below investment grade, and trailing earnings still carry wildfire-related and divestiture-related noise. At roughly 17 times trailing earnings on a ~$0.74 EPS base, the multiple looks ordinary while the earnings base itself is depressed relative to the rate base the company is about to build. The 52-week range of about $10.60 to $17.38 and a beta near 0.51 capture the tension: low correlation to the broad market, but large moves on legal and regulatory headlines, and the analyst average price target near $12.75 sits close to the market price rather than above it.
HE dividend at a glance
| 2023-08-17 | $0.36 |
| 2023-05-18 | $0.36 |
| 2023-02-22 | $0.36 |
| 2022-11-21 | $0.35 |
| 2022-08-17 | $0.35 |
| 2022-05-19 | $0.35 |
HE dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with HE's investor relations page before relying on it.
Is the HE dividend covered?
We do not have a payout ratio on record for HE. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on HE's investor relations page or in your broker's fundamentals tab.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the HE dividend has changed
The latest payment of $0.36 per share compares with $0.35 in the equivalent payment a year earlier (August 17, 2022). That is a change of 2.9% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on HE's investor relations page.
What HE's dividend means for you
- Income: set by the yield, which moves with the share price.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for HE the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How HE dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the HE dividend
Hawaiian Electric Industries, Inc. (HE) pays about None. Suspended since the last $0.36 quarterly payment in September 2023. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the HE guide. Walnut can show how HE fits your real portfolio. It is not an investment adviser.
Investing in Hawaiian Electric Industries, Inc. with AI
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FAQ
Does Hawaiian Electric Industries, Inc. (HE) pay a dividend?
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Yes. Hawaiian Electric Industries, Inc. pays a dividend yielding roughly None. Suspended since the last $0.36 quarterly payment in September 2023 as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.36 per share with an ex-dividend date of August 17, 2023. Yields move with the share price, so verify the current figure with your broker or HE's investor relations page before relying on it.
What is HE's dividend yield?
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About None. Suspended since the last $0.36 quarterly payment in September 2023 as of August 2026. For context, the S&P 500 yields around 1.2%, so HE yields meaningfully less than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does HE pay its dividend?
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Hawaiian Electric Industries, Inc. pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of August 17, 2023. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on HE's investor relations page, because boards can change both the amount and the timing.
When is HE's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is August 17, 2023. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check HE's investor relations page for the next confirmed date.
Has Hawaiian Electric Industries, Inc. raised its dividend recently?
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Yes. The latest payment of $0.36 per share is above the $0.35 paid in the same slot a year earlier, an increase of about 2.9%. One raise is not a policy, though: check the multi-year record on HE's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is HE's dividend safe?
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We do not have a payout ratio on record for HE. The payout ratio, the share of earnings paid out as dividends, is the usual first check on whether a dividend has room to keep growing; you can find it on HE's investor relations page or in your broker's fundamentals tab. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
Are HE dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest HE dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each HE payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does HE pay a dividend?
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No. The dividend was suspended after the August 2023 Lahaina fire, and the last payment was $0.36 a share in September 2023. Before that, HE had been a long-standing income holding with a decades-long payment history. Capital is currently committed to four annual $479 million settlement installments and a capital program stepping up toward $625 million to $750 million in 2026, so any reinstatement would follow the settlement schedule and credit repair rather than lead them.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with HE's investor relations page or your broker before acting on them.