I purchased Hawaiian Electric (HE) today for $27.18 per share. I have had a limit buy on this stock for about 2 weeks and it hit my purchase limit today. This stock is going to be part of my Blue Chip base. It has a narrow trading range $25.50 to $28.60. It's not a stock to buy looking for a huge gain in the short term, but a nice dividend paying stock $1.24 per share (4.5 percent).
Hawaiian Electric Industries, Inc. (HEI) supplies power to 93% of the Hawaii electric public utility market through its electric utilities, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited, and provides a wide range of financial services to individuals and businesses through American Savings Bank, F.S.B., the state’s third largest financial institution based on asset size. HEI has a long dividend history, paying dividends continuously since 1901. Currently, HEI pays a dividend of $1.24 per common share annually.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment