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FIRST HAWAIIAN ANNOUNCES 13 PERCENT DIVIDEND INCREASE

 FIRST HAWAIIAN ANNOUNCES 13 PERCENT DIVIDEND INCREASE
 WAILEA, Hawaii, Nov. 22 /PRNewswire/ -- The board of directors of


First Hawaiian Inc. (NASDAQ: FHWN) today declared an increased quarterly dividend of 26 cents per share, payable Dec. 13, 1991, to stockholders of record Nov. 29, 1991.
 This represents a 13 percent increase (or 3 cents) from the previous quarterly payment level of 23 cents set in November of 1990. This is the sixth dividend increase in the past four years.
 Walter A. Dods Jr., First Hawaiian's chairman and chief executive officer, said the dividend increase is due to the company's favorable results in 1991, and he predicted that "1991 would be First Hawaiian's 27th year of consecutive record earnings." The company recently announced record third quarter net income of $20,207,000, up 9.3 percent from the previous year.
 First Hawaiian Inc. is a bank holding company, with $6.4 billion in assets, whose principal subsidiary is First Hawaiian Bank, one of the two largest financial institutions in Hawaii. Other subsidiaries include First Interstate of Hawaii Inc. and its wholly owned subsidiary, First Interstate Bank of Hawaii, the state's fourth largest commercial bank; First Hawaiian Creditcorp Inc., Hawaii's largest locally owned financial services loan company; and First Hawaiian Leasing Inc., which is primarily engaged in commercial equipment and vehicle leasing.
 -0- 11/22/91
 /CONTACT: Lisa Halvorson of First Hawaiian, 808-525-6111/
 (FHWN) CO: First Hawaiian Inc. ST: Hawaii IN: FIN SU: DIV


SE-AL -- SD001 -- 6464 11/22/91 15:00 EST
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Publication:PR Newswire
Date:Nov 22, 1991
Words:250
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