Hawaiian Electric Industries shares are trading lower after the company announced it plans to suspend its quarterly cash dividend on common stock.
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (HEI) has announced plans to suspend its quarterly cash dividend on common stock, leading to a decrease in its share price.

August 25, 2023 | 12:40 pm
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NEGATIVE IMPACT
Hawaiian Electric Industries' decision to suspend its quarterly cash dividend on common stock has led to a decrease in its share price.
Dividends are a significant part of a company's appeal to investors. By suspending its dividend, HEI has made its stock less attractive, leading to a decrease in demand and, consequently, a drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100