HEI Increases Quarterly Dividend To $0.33 Per Share

HONOLULU, Feb. 12, 2020 /PRNewswire/ -- On February 11, 2020, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) increased HEI's quarterly cash dividend from $0.32 to $0.33 per share, payable on March 10, 2020, to shareholders of record at the close of business on February 26, 2020 (ex-dividend date is February 25, 2020). The revised quarterly dividend amount would be equivalent to an annual rate of $1.32 per share.

Dividends have been paid uninterrupted since 1901. At the indicated annual dividend rate and based on the closing share price on February 11, 2020 of $48.14, HEI's dividend yield would be 2.7%.

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's Securities 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's SEC 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's SEC filings.

HEI supplies power to approximately 95% of Hawaii's population through its electric utility, Hawaiian Electric; 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/hei-increases-quarterly-dividend-to-0-33-per-share-301003480.html

SOURCE Hawaiian Electric Industries, Inc.