Hawain Electric Industries Inc (HE)

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Hawaiian Electric Industries, Inc. Maintains Dividend

HONOLULU, Feb 21, 2008 (BUSINESS WIRE) -- The board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE) today maintained the regular quarterly cash dividend of 31 cents per share, payable March 11 to stockholders of record at the close of business on March 3 (ex-dividend date is February 28). The dividend is equivalent to an annual rate of $1.24 per share.

Dividends have been paid continuously since 1901. At the indicated annual dividend rate and the closing share price on February 20, of $22.32, HEI's yield is 5.6%.

HEI supplies power to over 400,000 customers or 95% of the Hawaii market through its electric utilities, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited and provides a wide array of banking and other financial services to consumers and businesses through American Savings Bank, F.S.B., the state's third largest financial institution based on year-end asset size.

SOURCE: Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc.
Suzy P. Hollinger, 808-543-7385
Manager, Treasury & Investor Relations
Fax: [phone]
[e-mail]