Hingham Declares Regular Dividend
June 23 2016 - 4:29PM
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 July 20, 2016 to
stockholders of record as of July 11, 2016.
Robert H. Gaughen, Jr., President and CEO 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 90th 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,
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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