HEI DECLARES QUARTERLY DIVIDEND OF $0.35 PER SHARE

Rhea-AI Summary

On November 3, 2022, Hawaiian Electric Industries (HEI) declared a quarterly cash dividend of $0.35 per share, payable on December 9, 2022, to shareholders of record as of November 22, 2022. This dividend translates to an annual rate of $1.40 per share, providing a dividend yield of 3.8% based on the share price of $37.27 on the declaration date. HEI has maintained uninterrupted dividend payments since 1901.

Positive

• Quarterly dividend of $0.35 per share enhances shareholder income.
• Uninterrupted dividend payments since 1901 demonstrate company reliability.
• Dividend yield of 3.8% offers an attractive return for investors.

Negative

• None.

HONOLULU, Nov. 3, 2022 /PRNewswire/ -- On November 3, 2022, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) declared HEI's quarterly cash dividend of $0.35 per share, payable December 9, 2022, to shareholders of record at the close of business on November 22, 2022 (ex-dividend date of November 21, 2022). The dividend is equivalent to an annual rate of $1.40 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 November 3, 2022 of $37.27, HEI's dividend yield is 3.8%.

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 press releases, HEI's and Hawaiian Electric's Securities and Exchange Commission (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.

About HEI

The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI's electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii's largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaii's sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.

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 HEI?

HEI declared a quarterly cash dividend of $0.35 per share.

When will the HEI dividend be paid?

The HEI dividend will be paid on December 9, 2022.

What is the ex-dividend date for HEI's latest dividend?

The ex-dividend date for HEI's latest dividend is November 21, 2022.

What is the annual dividend rate for HEI?

The annual dividend rate for HEI is $1.40 per share.

How long has HEI been paying dividends?

HEI has been paying dividends uninterrupted since 1901.