Hawaiian Electric Industries, Inc. - HE

Hawaiian Electric Industries, Inc., stock ticker HE, offers a solid 31 cent dividend per quarter. HEI has a long dividend history, paying dividends continuously since 1901. Currently, HEI pays a dividend of $1.24 per common share annually. While HE's current dividend yield is 4.84% I believe their dividend is not the only reason to pick up some shares tomorrow.
Hawaiian Electric Industries supplies power to 95% of Hawaii's population 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., one of Hawaii’s largest financial institutions.
Additionally, HEI has a stellar shareholder services department. I highly suggest that you visit their website at www.hei.com to learn more. In a nutshell, any individual of legal age or any entity may buy HEI common stock at market prices directly from the company. The minimum initial investment is $250. Additional optional cash investments may be as small as $25. The annual maximum investment is $120,000. After your account is open, you may reinvest all of your dividends to purchase additional shares, or elect to receive some of your dividends in cash. You may instruct the company to electronically debit a regular amount from a checking or savings account. The company also can deposit dividends automatically in your checking or savings account. A prospectus describing the plan may be obtained by clicking here. I must say that I am not affiliated with HEI at all. I am giving you these directions so you can quickly enroll into their DRIP program and begin allowing your dividends compound.
In closing, I ask, where else are Hawaiians going to get there electricity? HEI is also a bank that does not have a lot of bad loans of the books. This is a solid stock, that you will not lose money on. Their dividend will keep the stock afloat. Invest your money into this stable company and enjoy a lifetime of dividends!