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Dividend announced by HECO parent

By Erika Engle

LAST UPDATED: 07:52 a.m. HST, Feb 07, 2013

courtesy hawaiian electric INDUSTRIESRising fuel costs and increases in Hawaiian Electric's base rate pushed Oahu residential electric bills to a record high in August. HEI Industries ended the quarter with a $48.4 million profit. HECO workers tend to a utility pole.

Hawaiian Electric Industries Inc. has maintained the regular quarterly cash dividend of 31 cents per share, payable March 13 to shareholders of record as of the close of business Feb. 21.

The dividend is equivalent to an annual rate of $1.24 per share, and HEI has paid dividends continuously since 1901, the company said, in a statement.

The 30th annual meeting of HEI shareholders has been set for 9:30 a.m. Wed., May 8 at the American Savings Bank Tower, 1001 Bishop St., room 805.

Those who are shareholders of record as of the close of business Feb. 28 will be entitled to vote.

The company will use its website as a way to disclose additional information.


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