HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS), announced that its Board
of Directors declared a regular quarterly cash dividend of $0.28 per
share. The dividend will be paid on October 20, 2014 to stockholders of
record as of October 10, 2014.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the
Bank, in announcing the dividend, stated, “The Bank continues its record
of strong performance year over year with significant balance sheet
growth, strong earnings and solid capital ratios. These results have
allowed us to increase cash dividends declared in each of the last 20
years. This dividend, our 83rd consecutive quarterly
dividend, is a continuation of our tradition of remaining acutely aware
of our obligation to our shareholders We believe in a healthy dividend
policy that reflects our continued success and rewards our shareholders
for their confidence while maintaining a strong capital base.”
In addition to regular quarterly cash dividends, Hingham Institution for
Savings has declared special cash dividends in each of the last nineteen
years. Future dividends will be considered by the Board of Directors on
a quarterly basis.
Hingham Institution for Savings is a Massachusetts-chartered savings
bank located in Hingham, Massachusetts. Incorporated in 1834, it is the
oldest financial institution headquartered in Hingham and one of the
oldest in the Commonwealth. The Bank’s main offices are located on Main
Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank
also maintains branch offices in South Hingham and the neighboring towns
of Cohasset, Hull, Norwell, Scituate and Weymouth, as well as branches
in the South End of Boston and on Beacon Hill and on the island of
Nantucket.
The Bank’s shares of common stock are listed and traded on The Nasdaq
Stock Market under the symbol HIFS.
Copyright Business Wire 2014