HEI Declares Quarterly Dividend Of $0.34 Per Share

Rhea-AI Summary

On May 6, 2021, Hawaiian Electric Industries (HE) declared a quarterly cash dividend of $0.34 per share, payable on June 10, 2021, to shareholders of record as of May 20, 2021. This dividend reflects an annual rate of $1.36 per share, translating to a 3.1% dividend yield based on the $43.47 closing share price on the declaration date. HEI has a history of uninterrupted dividend payments since 1901, demonstrating a commitment to returning value to shareholders.

Positive

• Declared quarterly cash dividend of $0.34 per share.
• Annual dividend rate of $1.36 per share reflects a 3.1% yield.
• Uninterrupted dividend payments since 1901 indicate stability and commitment to shareholders.

Negative

• None.

HONOLULU, May 6, 2021 /PRNewswire/ -- On May 6, 2021, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) declared a quarterly cash dividend of $0.34 cents per share, payable June 10, 2021, to shareholders of record at the close of business on May 20, 2021 (ex-dividend date of May 19, 2021). The dividend would be equivalent to an annual rate of $1.36 per share.

Dividends have been paid on an uninterrupted basis since 1901. At the indicated annual dividend rate and based on the closing share price on May 6, 2021 of $43.47, HEI's dividend yield would be 3.1%.

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 in the Investor Relations section of the website. 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's (American) press releases, HEI's and Hawaiian Electric's SEC filings and HEI's public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the Investor Relations section of the website. The information on HEI's website is not incorporated by reference into this document or into 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 to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into 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.

Contact:	Julie Smolinski	Telephone: (808) 543-7300
	Vice President, Investor Relations & Corporate Sustainability	E-mail:  ir@hei.com

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SOURCE Hawaiian Electric Industries, Inc.

FAQ

What is the dividend amount declared by HE on May 6, 2021?

Hawaiian Electric Industries declared a dividend of $0.34 per share on May 6, 2021.

When is the dividend payable to shareholders?

The dividend is payable on June 10, 2021, to shareholders of record as of May 20, 2021.

What is the annual dividend rate for HE?

The annual dividend rate for HE is $1.36 per share.

What is the dividend yield for HE based on its closing share price?

The dividend yield for HE, based on the closing share price of $43.47, is 3.1%.

How long has HE been paying dividends?

HE has paid dividends uninterrupted since 1901.