Hawaiian Electric Industries Plans To Suspend Quarterly Cash Dividend On Common Stock, Beginning With Q3 Of 2023 - Filing
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (HEI) has announced plans to suspend its quarterly cash dividend on common stock, starting from Q3 of 2023, according to a recent filing. However, the company is still obligated to pay the previously declared cash dividend of $0.36 per share on September 8, 2023.
August 24, 2023 | 9:22 pm
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Hawaiian Electric Industries' decision to suspend its quarterly cash dividend from Q3 2023 could potentially impact investor sentiment and the company's stock price.
Dividends are a significant part of a company's appeal to investors, especially those looking for regular income. The suspension of dividends could make the company less attractive to these investors, potentially leading to a sell-off and a decrease in the stock price.
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