HEI DECLARES QUARTERLY DIVIDEND OF $0.35 PER SHARE

Rhea-AI Summary

On May 5, 2022, Hawaiian Electric Industries, Inc. (HE) announced a quarterly cash dividend of $0.35 per share, scheduled for payment on June 10, 2022, to shareholders on record as of May 20, 2022. The annualized dividend amounts to $1.40 per share, reflecting a 3.4% yield based on the closing share price of $41.40. HEI has consistently paid dividends since 1901. Investors are encouraged to utilize HEI's website for ongoing disclosures and updates.

Positive

• Quarterly cash dividend declared at $0.35 per share, indicating financial stability.
• Annualized dividend rate stands at $1.40, attracting income-focused investors.
• Consistent dividend payments since 1901 reflect strong shareholder commitment.

Negative

• None.

HONOLULU, May 5, 2022 /PRNewswire/ -- On May 5, 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 June 10, 2022, to shareholders of record at the close of business on May 20, 2022 (ex-dividend date of May 19, 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 May 5, 2022 of $41.40, HEI's dividend yield is 3.4%.

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@heicom

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SOURCE Hawaiian Electric Industries, Inc.

FAQ

What is the dividend amount declared by HE?

Hawaiian Electric Industries declared a dividend of $0.35 per share.

When is the dividend payment date for HE?

The dividend will be payable on June 10, 2022.

What is the dividend yield for Hawaiian Electric Industries?

The dividend yield is 3.4% based on the closing share price of $41.40.

How long has HE been paying dividends?

HE has been paying dividends uninterrupted since 1901.