Don't believe for an instant that the dividend rate is a sure thing.
HE has not netted after taxes enough for the past two years what it paid out during the past two years.
That's basically bad corporate guidance, but that's the way Connie runs it because she doesn't know how to run a corporation.
The hopes that the share price will go up are....well-just hopes.
Shareprice should go up if there are are earnings, and if those earnings are sufficient to buy new equipment and fund the dividend both.
Just betting on a rate increase to the power subscribers is a foolish bet.
Slug, share prices MAY rise on the flight to safer investment opportunities also. The market has switched from a 'greed mode' to a 'fear mode', to paraphrase Adam Smith. The unprecedented fed rate cuts in the past couple of weeks is a bell weather that pretty much cements the markets 'fear mode' for me, when you consider the market's tepid reaction. Only time will tell if it is enough to eventually promote the 'greed mode'.
But I, like you, don't believe an automatic share price rise is 'sure thing'. Some on this board do however.
Poor Puua. You totally misunderstood what I said. I DID NOT say consumers should pay more but just made a statement of fact that more earnings offset dilution from increased share issues. Everyone knows Hawaii residents pay some of the highest rates in the nation, there's no arguing that.
Yes, puua_boy, we want that steady, fat dividend. The fact that your utility bill goes up only matters to us if it solidifies or increases the dividend. It is indeed a logical way to run a business, whether the 1920's or 2000's. Aloha Nui, bruddah.
"Lesson 2 is when you learn that higher earnings from approved rate increases mitigates dilution from new share issues."
Oh so you are saying that we resident consumers should pay more - just because you want HE to pay a nice steady dividend? Geeze, WOW! boy, oh boy, is that a logical way to run a business? Yep jes like good ol 1920's USA business thinking.
Stay away da Puna-butta smoke brah. You can't handle it tickered_off
Back from a long holiday season to find you're still on your lunatic rants. At least finally you read up on share dilution. Lesson 2 is when you learn that higher earnings from approved rate increases mitigates dilution from new share issues. By the way, I would say that the price has held up well compared to the rest of the market and the SAFE dividend payout makes it more attractive. Go back to hibernation - your ridiculous speculation on dividend payouts have not held up and won't any time soon.
Looks like it was oahu.
oh, and maui!
Just a 5% hike dropped $70m to the bottom line, that's enough to pay for 2/3 of the dividend.