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Hawaiian Electric Industries Inc | 5 1/4% Series H Cumul Preferred Stock (HAWLM)
Prospectus excerpt: Hawaiian Electric Co. Inc., 5.25% Series H Cumulative Preferred Stock, liquidation preference $20 per share, redeemable at the issuer's option on or after (__) at $20 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.25% per annum ($1.05 per annum or $0.2625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than (__) days or less than (__) days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Hawaiian Electric Co. Inc. is a wholly-owned subsidiary of Hawaiian Electric Industries Inc. (NYSE: HE). , Secondary Prospectus PDF », HE Page »
Series: | H | Redeemable?: | Yes | Call Date: | 5/3/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Liquidation Preference: | $20.00 | Original Coupon: | 5.25% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
Learn HAWLM's Rating
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Hawaiian Electric Industries is a holding company with its subsidiaries principally engaged in electric utility, banking, and renewable/sustainable infrastructure investment businesses operating in the State of Hawaii. Co. and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited are regulated electric public utilities that provide essential electric service to Hawaii's population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Co. also owns ASB Hawaii, Inc. and its subsidiary, American Savings Bank, F.S.B., a financial institution in the State of Hawaii. Preferreds: HAWEL, HAWEM, HAWEN, HAWLI, HAWLL, HAWLM, HAWLN, HE.PRU Open the HE Information Page »
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Name: |
Hawaiian Electric Industries Inc |
Website: |
www.hei.com |
Sector: |
Electric Utilities |
Number of ETFs Holding HE: |
32 (see which ones) |
Total Market Value Held by ETFs: |
$152,037,653.8 |
Total Market Capitalization: |
$1,073,000,000 |
% of Market Cap. Held by ETFs: |
14.17% |
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