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FIRST HAWAIIAN ANNOUNCES 8 PERCENT DIVIDEND INCREASE

 HONOLULU, Nov. 19 ~PRNewswire~ -- The board of directors of First Hawaiian Inc. (NASDAQ: FHWN) today declared an increased quarterly dividend of 28 cents per share, payable Dec. 14 to stockholders of record Dec. 1.
 This represents an 8 percent increase (or 2 cents) from the previous quarterly payment level of 26 cents set in November 1991. This is the seventh dividend increase in the past five years.
 Walter A. Dods Jr., First Hawaiian's chairman and chief executive officer, said the dividend increase is because of the company's favorable results in 1992, despite a slowing in the local economy and a lingering national recession. The company recently announced record third quarter net income of $21,245,000, up 5.1 percent from the previous year.
 First Hawaiian Inc. is a bank holding company, with $6.5 billion in assets, whose principal subsidiary is First Hawaiian Bank, one of the largest financial institutions in Hawaii. Other subsidiaries include 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- 11~19~92
 ~CONTACT: Lisa Halvorson of First Hawaiian Inc., 808-525-6111~
 (FHWN)


CO: First Hawaiian Inc. ST: Hawaii IN: FIN SU: DIV

MS-JB -- LA028 -- 3068 11~19~92 16:05 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:215
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