Hingham Institution for Savings: Dividend Announced
June 25 2014 - 8:30AM
Business Wire
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS) announced that
its Board of Directors declared a regular quarterly cash dividend
of $0.27 per share. The dividend will be paid on July 21, 2014 to
stockholders of record as of July 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 is our 82nd consecutive
quarterly dividend. 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.
Hingham Institution for SavingsRobert H. Gaughen, Jr.,
781-749-2200PresidentorRobert A. Bogart, 781-749-2200Vice President
& Treasurer
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