HONOLULU--(BUSINESS WIRE)--Nov. 1, 2007--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 11 to stockholders of record at the close of business on November 15 (ex-dividend date is November 13). 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 31, of $23.20, HEI's yield is 5.3%.

HEI supplies power to over 400,000 customers or 95% of the Hawaii market through its electric utilities, Hawaiian Electric Company, Hawaii Electric Light Company and Maui Electric Company and provides a wide array of banking and other financial services to consumers and businesses through American Savings Bank, the state's third largest financial institution based on year-end asset size.

CONTACT:
Hawaiian Electric Industries, Inc.
Suzy P. Hollinger, 808-543-7385
Manager, Treasury & Investor Relations
Fax: 808-532-5812
shollinger@hei.com

SOURCE: Hawaiian Electric Industries, Inc.