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Hawaii, the fiftieth state in the U.S., is the birthplace for some interesting people including, Barack Obama, Bette Midler, and Nicole Kidman.

Hawaii is also home to some interesting companies:

  • Alexander & Baldwin, Inc. (ALEX) is a Honolulu-based company which is in the business of shipping, real estate, sugar cane, and other agriculture. It is one of the largest landowners in Hawaii. The stock has a P/E of 13, a PEG of 1.6, and pays a yield of 2.8%.

  • Bank of Hawaii Corporation (BOH) is Hawaii's largest local bank, and Hawaii's second oldest bank. Its history can be traced back to 1897. The stock has a P/E of 14, a PEG of 1.78, and has a yield of 3.5%.

  • Central Pacific Financial Corp. (CPF) is Hawaii's fourth largest bank. The stock has a P/E of 104, a PEG of 1.64, and a yield of 5.1%.

  • Hawaiian Holdings Inc. (HA) owns Hawaiian Airlines, the 11th largest airline in the United States. The stock has a P/E of 31.

  • Hawaiian Electric Industries Inc. (HE) is the largest electric utility in Hawaii. The company supplies power to 93% of the Hawaii electric public utility market. It has paid dividends for 107 years. The stock has a P/E of 23, a PEG of 4.1 and a yield of 5.4%.

  • Maui Land and Pineapple Co. Inc. (MLP) has three divisions: Agriculture, Resort, and Real Estate Development. It owns the Kapalua Resort golf resort. The stock has a P/E of 33.

  • Disclosure: The author owns HA.

    Source: Six Ways to Invest in Hawaii