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Hawaiian Electric declares dividend

Hawaiian Electric Industries Inc. said yesterday it will maintain its next quarterly dividend at 31 cents a share, and that the dividend will not change for the foreseeable future.

The utility owner will pay the dividend Sept. 10 to shareholders of record as of Aug. 10. The dividend's current yield is 4.7 percent.

Meanwhile, analyst David M. Schanzer at Janney Montgomery Scott LLC downgraded Hawaiian Electric's stock yesterday to "market perform" from "buy," with a target price of $27 a share. The stock gained 15 cents yesterday to close at $26.65.

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[Hawaii Inc.]

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PROMOTIONS

>> Martin & Chock Inc. has promoted Marcello J. Sgambelluri to associate. He will be involved with complex analyses, design, detailing and construction management for various types of structures. He previously served as a research engineer for John A. Martin & Associates Inc.

>> Mahealani Richardson has been named anchor for KITV-4 News "This Morning," after serving as interim anchor. Before that assignment, Richardson anchored weekend newscasts. Richardson is a graduate of Kamehameha Schools. Her resume lists assignments with CBS News "Up-to-the-Minute" and WCAU-TV in Philadelphia and KGW-TV in Portland, Ore.

>> Hawaii Pacific Federal Credit Union has promoted Paige Sato to business and sales development manager. She will be responsible for expanding and developing the firm's field of membership, branch management and marketing, including sales expansion. She previously served as collections assistant manager for Northwest Financial (now Wells Fargo Financial).

>> Dollar Thrifty Automotive Group has promoted Melinda Lorenzo to Dollar Rent A Car's Kona station manager. She will be responsible for coordination of in-fleet and turn-back of vehicles, managing fleet inventory and daily rates, staff supervision and customer-employee relations. She most recently served as a company rental sales agent.