Hawaiian Electric Industries, Inc. Maintains Dividend
Hawaiian Electric Industries, Inc. Maintains Dividend
HONOLULU--(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 June 10, 2009, to shareholders of record at the close of business on May 21, 2009, (ex-dividend date is May 19, 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 May 4, 2009, of $15.55, HEI’s yield is 8.0%.
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.
Suzy P. Hollinger, 808-543-7385
Manager, Treasury & Investor Relations
Fax: 808-203-1155
shollinger@hei.com