Hingham Savings Announces 7% Increase in Dividend
September 24 2015 - 10:02AM
HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS), Hingham,
Massachusetts announced that its Board of Directors declared a
regular quarterly cash dividend of $0.30 per share. The dividend
will be paid on October 20, 2015 to stockholders of record as of
October 9, 2015.
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 with solid balance sheet growth
and strong earnings. These earnings are the product of conservative
underwriting, disciplined cost control, and careful capital
allocation. These results have allowed us to consistently increase
regular quarterly cash dividends over the last 20 years. This is
our 87th consecutive regular quarterly dividend. We believe in a
capital policy that maintains a strong capital base, provides cash
dividend returns for our owners, and invests in continued organic
growth."
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 and Weymouth as well as branches in the South End of
Boston, 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.
CONTACT: Robert A. Bogart, Vice President & Treasurer (781) 749-2200
Hingham Institution for ... (NASDAQ:HIFS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Hingham Institution for ... (NASDAQ:HIFS)
Historical Stock Chart
From Sep 2023 to Sep 2024