Hawaiian Electric Industries Q1 Profit Increases - Quick Facts

(RTTNews) - Hawaiian Electric Industries Inc. (HE) reported consolidated net income for common stock for the first quarter of 2014 of $45.9 million or $0.45 per share up from $33.7 million, or $0.34 per share in the first quarter of 2013.

Total revenues for the quarter grew to $783.75 million from last year's $782.23 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share and revenues of $738.83 million for the quarter. Analysts' estimates typically exclude special items.

On May 6, 2014, the board of directors maintained HEI's quarterly cash dividend of $0.31 cents per share, payable on June 10, 2014, to shareholders of record at the close of business on May 22, 2014. The ex-dividend date is May 20, 2014. The dividend is equivalent to an annual rate of $1.24 per share.