HAWAIIAN ELEC 41/4 C PR - HAWEN STOCK NEWS

Hawaiian Electric Industries, Inc. (HEI) has declared a quarterly cash dividend of $0.36 per share, payable on September 8, 2023. The dividend is equivalent to an annual rate of $1.44 per share. HEI's dividend yield is 3.8% based on the closing share price on August 3, 2023.

American Savings Bank, F.S.B. (ASB), a subsidiary of Hawaiian Electric Industries, Inc., reported a net income of $20.2 million for the second quarter of 2023, compared to $18.6 million in the previous quarter. The company's credit quality remains strong, with a solid capital position and ample liquidity. Net interest income was $63.2 million, and noninterest income was $15.6 million. Total loans increased by 2.7% to $6.1 billion, while total deposits slightly decreased to $8.2 billion. ASB paid dividends of $11.0 million to HEI.

Hawaiian Electric Industries, Inc. (HEI) will announce its second quarter 2023 financial results on August 7. American Savings Bank, F.S.B. (ASB), a subsidiary of HEI, will announce its results on July 28. HEI will conduct a webcast and conference call on August 7 to discuss earnings and regulatory matters.

Hawaiian Electric Industries, Inc. (HEI) declares a quarterly cash dividend of $0.36 per share, payable on June 9, 2023. Dividend yield is 3.7% based on the closing share price on May 4, 2023.

Hawaiian Electric Industries, Inc. (HEI) is set to announce its first quarter 2023 financial results on May 9, 2023. The company will hold a conference call at 10:15 a.m. Hawaii time to discuss consolidated earnings and 2023 guidance. American Savings Bank, a subsidiary of HEI, will report its results on April 28, 2023. Investors can access the call through a dial-in number or by visiting HEI's website. The replay of the call will be available online for an extended period after the event. HEI, along with Hawaiian Electric, aims to keep investors informed via its website and SEC filings. The company plays a crucial role in Hawaii's economy, providing energy and financial services while focusing on sustainable initiatives.

Hawaiian Electric Industries (HEI) reported a consolidated net income of $241.1 million for 2022, with a diluted EPS of $2.20, down from $246.2 million and $2.25 in 2021. The utility achieved strong financials amid regulatory changes and inflation challenges, including the transition to a coal-free energy source. The quarterly dividend increased to $0.36 per share. Notably, American Savings Bank (ASB) saw a significant 15% growth in loans, despite a net income drop to $80 million from $101.2 million. The bank's credit quality remained strong with the lowest net charge-off ratio since 2014.