HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS), Hingham, Massachusetts announced that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share. The dividend will be paid on October 20, 2010 to stockholders of record as of October 8, 2010.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “This 67 th consecutive quarterly dividend represents a 4.3% increase over the prior quarter’s dividend. We remain committed to our traditionally conservative strategies and practices. Our record results are especially pleasing in light of current events. We are proud of the fact that we have increased cash dividends to shareholders in each of the past 15 years.”
In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last fifteen 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 in the Commonwealth. The Bank’s main offices are located on Main Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank also maintains branch offices in South Hingham and the neighboring towns of Cohasset, Hull, Norwell, Scituate, and Weymouth, as well as the South End of Boston.The Bank’s shares of common stock are listed and traded on The Nasdaq Stock Market under the symbol HIFS.