HEI Declares Quarterly Dividend Of $0.32 Per Share

Company Release - 8/1/2019 6:00 AM ET

HONOLULU, Aug. 1, 2019 /PRNewswire/ -- On July 31, 2019, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) maintained HEI's quarterly cash dividend of $0.32 cents per share, payable September 10, 2019, to shareholders of record at the close of business on August 22, 2019 (ex-dividend date of August 21, 2019).  The dividend would be equivalent to an annual rate of $1.28 per share.

Dividends have been paid continuously since 1901.  At the indicated annual dividend rate and based on the closing share price on July 31, 2019 of $44.80, HEI's dividend yield would be 2.9%.

HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI's website, www.hei.com, as a means of disclosing additional information.  Such disclosures will be included on HEI's website in the Investor Relations section.  Accordingly, investors should routinely monitor the Investor Relations section of HEI's website, in addition to following HEI's, Hawaiian Electric's and American Savings Bank, F.S.B.'s (American) press releases, HEI's and Hawaiian Electric'sSecurities and Exchange Commission (SEC) filings and HEI's public conference calls and webcasts.  The information on HEI's website is not incorporated by reference in this document or in HEI's and Hawaiian Electric'sSEC filings unless, and except to the extent, specifically incorporated by reference.  Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at dms.puc.hawaii.gov/dms in order to review documents filed with and issued by the PUC.  No information on the PUC website is incorporated by reference in this document or in HEI's and Hawaiian Electric'sSEC filings.

HEI supplies power to approximately 95% of Hawaii's population through its electric utilities, Hawaiian Electric, Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited; provides a wide array of banking and other financial services to consumers and businesses through American, one of Hawaii's largest financial institutions; and helps advance Hawaii's clean energy and sustainability goals through investments by its non-regulated subsidiary, Pacific Current, LLC.


Julie Smolinski                           

Telephone: (808) 543-7300

Director, Investor Relations & Strategic Planning        

E-mail:  ir@hei.com


Hawaiian Electric Industries, Inc. (PRNewsFoto/Hawaiian Electric Industries, Inc.)


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SOURCE Hawaiian Electric Industries, Inc.