Hawaiian Electric Industries (NYSE: HE) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. This is a 3.2% increase from the prior dividend of $0.31.

The dividend will be payable on March 13, 2019, to stockholders of record on February 26, 2019, with an ex-dividend date of February 25, 2019.

The annual yield on the dividend is 3.4 percent.

"We are making substantial progress across HEI, as demonstrated by our strong 2018 financial, operational and environmental results. We delivered solid earnings growth over the prior year, with particularly strong results from American Savings Bank. In light of our 2018 earnings and our future prospects, our Board of Directors yesterday approved a 3% dividend increase, enhancing our record of uninterrupted dividends since 1901," said Constance H. Lau, President and CEO of HEI.

For a dividend history and other dividend-related data on Hawaiian Electric Industries (HE) click here.