On 9/25/13, Hawaiian Electric Industries Cumulative Quarterly Income Preferred Securities, Series 2004 (NYSE: HE.PRU) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/30/13. As a percentage of HE.PRU's recent share price of $26.00, this dividend works out to approximately 1.56%, so look for shares of HE.PRU to trade 1.56% lower — all else being equal — when HE.PRU shares open for trading on 9/25/13. On an annualized basis, the current yield is approximately 6.25%, which compares to an average yield of 5.32% in the "Utilities" preferred stock category, according to Preferred Stock Channel.
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