I own this stock in my daughters account as long as interest rates stay low the divi is safe but mark my words when interest rates start rising and they will not in the near future but they will alot of companies will be cutting divis even the cash cow utilities there will be a massive run to the dollar when it happens just human nature! Think about it stocks like HE are like parking your money in a bond fund right? Disclosure I reinvest divis and buy on dips beats the banks!
per your question of HE's dividend, it's been longer than 5 years... this is typical of electric utilities... goodness, DTE has paid the same dividend for 18 years... at least, HE hasn't reduced its dividend, ever... whereas other companies, such as AEP, RI, DUK, CEG, AT, WEC, PPL, SCG and TE have all reduced their dividend over the years...
Why has HE not increased the dividend in five years? The company typically does not make enough net income to pay the current dividend. They either borrow the money or issue new stock to cover it. They should reduce the existing dividend.
HE does not make more then .32 to .35 cents per quarter.....lucky to keep the divy at $.31. Should be more like $.25-.27 per share at the most. I keep my fingers crossed that it stays at it's present amount....retired and using the divys to pay my tax's