On October 29, 2010, the board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE) maintained the regular quarterly cash dividend of 31 cents per share, payable December 10, 2010, to shareholders of record at the close of business on November 15, 2010 (ex-dividend date is November 10, 2010). 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 October 29, 2010 of $22.54, HEI's yield is 5.5%.
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., one of Hawaii's largest financial institutions.
Contacts:
Hawaiian Electric Industries, Inc.
Shelee M.T. Kimura, 808-543-7384
Manager
Investor Relations & Strategic Planning
skimura@hei.com