Hawaiian Electric Industries, Inc. Maintains Dividend

• Press Release
• Source: Hawaiian Electric Industries, Inc.
• On 5:15 am EST, Monday November 2, 2009

HONOLULU--(BUSINESS WIRE)--The board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE - News) today maintained the regular quarterly cash dividend of 31 cents per share, payable December 10, 2009, to shareholders of record at the close of business on November 16, 2009, (ex-dividend date is November 12, 2009). 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 30, 2009, of $17.85, HEI’s yield is 7%.

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.

Hawaiian Electric Industries, Inc.
Shelee M.T. Kimura, 808-543-7384
Manager, Investor Relations &
Strategic Planning
Facsimile: 808-203-1164
skimura@hei.com