Hingham Declares Regular Dividend
March 31 2016 - 8:09AM
HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS)
(“the Bank”), Hingham, Massachusetts announced that its Board of
Directors declared its regular quarterly cash dividend of $0.30 per
share. The dividend will be paid on April 20, 2016 to
stockholders of record as of April 11, 2016.
Robert H. Gaughen, Jr., President and CEO of the
Bank, in announcing the dividend, stated, “The Bank continues to
produce strong returns on shareholder equity. These returns
are the product of conservative underwriting, disciplined cost
control, and careful capital allocation. These returns have
allowed us to consistently increase regular quarterly cash
dividends over the last twenty one years and this represents our
89th consecutive quarterly dividend. We are a publicly traded
company in form, but 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.”
In addition to regular quarterly cash dividends,
the Bank has declared special cash dividends in each of the last
twenty one 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) 783-1744
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