5 Very High Yield Dividend Stocks Billionaires Are Piling Into

2. Hawaiian Electric Industries, Inc. (NYSE:HE)

Nr. of Billionaire Investors: 11

Dividend Yield: 10.80%

Hawaiian Electric Industries, Inc. (NYSE:HE) is a public utility company that supplies with electricity the US state of Hawaii, covering 95% of the states’ households. The company’s stock took a big hit earlier this year following a major fire that affected many parts of Hawaii and caused more than 100 deaths and thousands of people forced to relocate. It is alleged that negligence by Hawaiian Electric Industries, Inc. (NYSE:HE) led to the fire. Maui County has filed a civil suit against Hawaiian Electric Industries, Inc. (NYSE:HE) saying that the company did not properly maintain its power grid and did not power down its equipment despite a red flag warning from the National Weather Service. Nevertheless, amid the drop in stock price, Hawaiian Electric Industries, Inc. (NYSE:HE) saw an increase in popularity among hedge funds, as 23 investors from our database disclosed holding $151.98 million worth of stock as of the end of September, versus 18 funds with $49.70 million in shares a quarter earlier.