Hingham Savings Declares Regular and Special Dividend
November 21 2017 - 4:01PM
HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS)
(“the Bank”), Hingham, Massachusetts, announced that its Board of
Directors has declared a regular quarterly cash dividend of $0.34
per share. The dividend will be paid on January 17, 2018 to
stockholders of record as of January 5, 2018.
In addition to the regular quarterly
dividend, the Bank's Board of Directors announced that it will pay
a special dividend of $0.34 per share. This
special dividend will also be paid on January 17, 2018 to
stockholders of record as of January 5, 2018.
Robert H. Gaughen, Jr., Chairman and CEO of the
Bank, in announcing the dividend, stated, “The Bank continues its
record of performance with solid balance sheet growth and strong
returns on equity capital. These returns are the product of
conservative underwriting, disciplined cost control, and careful
capital allocation. The Bank regularly considers all capital
allocation options and continues to return capital to the ownership
through regular and special dividends. This will be our 96th
consecutive quarterly dividend and we have consistently increased
regular quarterly cash dividends over the last twenty years.”
In addition to regular quarterly cash dividends,
the Bank has declared special cash dividends in each of the last
twenty-three years. Future regular and special 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 one of America’s
oldest banks. The Bank’s Main Office is located in Hingham
and the Bank maintains offices on the South Shore, in Boston (South
End and Beacon Hill), and on the island of Nantucket. The
Bank is also an active commercial real estate lender in the Greater
Washington D.C. metropolitan area.
The Bank’s shares of common stock are listed and
traded on The Nasdaq Stock Market under the symbol HIFS.
CONTACT: Patrick R. Gaughen, Executive Vice
President (781) 783-1761
Hingham Institution for ... (NASDAQ:HIFS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Hingham Institution for ... (NASDAQ:HIFS)
Historical Stock Chart
From Aug 2023 to Aug 2024