Hingham Savings Dividend Announced
March 26 2015 - 8:47AM
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq:HIFS), Hingham,
Massachusetts announced that its Board of Directors declared a
regular quarterly cash dividend of $0.28 per share. The dividend
will be paid on April 20, 2015 to stockholders of record as of
April 10, 2015.
Robert H. Gaughen, Jr., President and Chief Executive Officer of
the Bank, in announcing the dividend, stated, "The Bank continues
to produce strong returns on shareholder equity. These earnings are
the product of conservative underwriting, disciplined cost control,
and careful capital allocation. Although we are a publicly traded
company in form, we are a partnership in spirit. We believe that
all of our partners should participate in our success through both
capital appreciation and cash dividends. We remain committed to a
dividend policy that appropriately rewards our shareholders and
maintains 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 twenty 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 continuously operating banks in the
United States. The Bank's main offices are located on Main Street
in Hingham, MA. The Bank also maintains branch offices in South
Hingham and the neighboring towns of Cohasset, Hull, Scituate,
Norwell, Weymouth as well as branches in the South End of Boston,
Beacon Hill and the island of Nantucket.
The Bank's shares of common stock are listed and traded on The
Nasdaq Stock Market under the symbol HIFS.
CONTACT: Robert A. Bogart, Vice President & Treasurer (781) 749-2200
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