Hawaiian Electric Industries Cumulative Quarterly Income Preferred Securities, Series 2004 Yield Pushes Past 6%

In trading on Tuesday, shares of Hawaiian Electric Industries, Inc.'s 6.500% Cumulative Quarterly Income Preferred Securities, Series 2004 (NYSE: HE.PRU) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $26.48 on the day. This compares to an average yield of 4.32% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, HE.PRU was trading at a 8.72% premium to its liquidation p...