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HAWAIIAN ELECTRIC INDUSTRIES INC. DECLARES DIVIDEND, ELECTS SIX DIRECTORS

 HONOLULU, April 20 /PRNewswire/ -- The board of directors of Hawaiian Electric Industries Inc. (NYSE: HE) today declared a regular quarterly cash dividend of 57 cents per share, payable June 10 to common stockholders of record at the close of business on May 10. The dividend is equivalent to an annual rate of $2.28 per share.
 Earlier, at the company's 10th annual meeting of stockholders, two new directors were elected to the 15-member board and four incumbent directors were re-elected to three-year terms. Stockholders also elected to another one-year term the certified public accounting firm of KPMG Peat Marwick, the company's independent auditor since 1981.
 New HEI directors are Oswald K. Stender, 61, a trustee of Kamehameha Schools/Bishop Estate; and Kelvin H. Taketa, 38, vice president and director for the Pacific Region of The Nature Conservancy. Stender, whose term expires in 1996, succeeds C. Dudley Pratt Jr., 65, trustee of the Estate of James Campbell and retired president and chief executive officer of HEI, who did not stand for re-election. Taketa was appointed to the board in March as a Class II director to fill the unexpired term of William G. Foster, 68, chairman of Malia International Ltd., who resigned for personal reasons. Taketa's term expires in 1995.
 Re-elected Class III directors whose terms expire in 1996 are Edwin L. Carter, 67, president of Bishop Trust Co. Ltd.; Richard Henderson, 64, president of HSC Inc.; Ben F. Kaito, 66, of counsel in the law firm of Kaito & Ishida; and Bill D. Mills, 41, chairman and chief executive officer of Bill Mills Development Co. Inc.
 Hawaiian Electric Industries is a diversified electric utility holding company that delivers essential services to the people of Hawaii through its electric utility, savings bank, maritime freight transportation and real estate development subsidiaries.
 -0- 4/20/93
 /CONTACT: Constance H. Lau, treasurer, 808-543-7384, or Gary S. Sharpe, director, investor relations, 808-543-7385, both of Hawaiian Electric/
 (HE)


CO: Hawaiian Electric Industries Inc. ST: Hawaii IN: UTI SU: DIV PER

KJ-MS -- LA053 -- 8400 04/20/93 20:10 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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