Utilities pay higher dividends to attract investors because their growth is usually limited. Rate hikes are controlled by the local government. Most electric utilities companies pay 4 - 5%. HE has paid dividends continuously since 1901, and the dividend has been stable at $1.24 per share annually since 1998.
Any Tom, #$%$ or Harry WITHOUT ANY SUBSTANCE IN THEIR OPINION can issue an investment press release ( such as a strong sell, $15 price target , dividend cut coming, losing business to solar, etc,etc.... ) effecting stock price. The investment community likes to issue reports to move stock prices for their own benefit. This is the purest form of stock manipulation. In my opinion companies should fight back on the behalf of their stockholders. I applaud HE for coming out with a corporate press release so quickly to insure stockholders that the dividend was safe and there were no talks of reducing or cutting it. They also stated the information in the investment firm's ( I use this term loosely in that it could very well be a single person working from their home who has built their own website ) opinion was inaccurate.
HE has a price range of $29 -$24 in the past 2 years. HE at $24 IMO is a buy with a solid dividend.
Well said, hard to disagree with that logic, I concur wholeheartedly. Too bad their are those who will do
their best to undermine HE for their own personal interest but that's how they play the game and it's a
shame when the evidence you presented is contrary to those that post so much negativity.