Hawain Electric Industries Inc (HE)

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Hawaiian Electric Industries, Inc. Maintains Dividend

HONOLULU--(BUSINESS WIRE)--Aug. 4, 2008--The board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE) today maintained the regular quarterly cash dividend of 31 cents per share, payable September 10 to stockholders of record at the close of business on August 18 (ex-dividend date is August 14). 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 August 1, of $24.22, HEI's yield is 5.1%.

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, Ltd. 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 2007 year-end asset size.

CONTACT: Suzy P. Hollinger, 808-543-7385
Manager, Treasury & Investor Relations
Facsimile: 808-203-1155
[e-mail]

SOURCE: Hawaiian Electric Industries, Inc.