2009-11-02 16:25:10 -

The board of directors of Hawaiian Electric Industries, Inc. (NYSE:HE) today maintained the regular quarterly cash dividend of 31 cents per share, payable December 10, 2009, to shareholders of record at the close of business on November 16, 2009, (ex-dividend date is November 12, 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 October 30, 2009, of $17.85, HEI’s yield is 7%.

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.

Hawaiian Electric Industries, Inc.Shelee M.T. Kimura, 808-543-7384Manager,
Investor Relations &Strategic PlanningFacsimile:

808-203-1164 skimura@hei.com : mailto:skimura@hei.com