HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS), Hingham, Massachusetts announced that its Board of Directors declared a regular quarterly cash dividend of $0.25 per share. The dividend will be paid on October 21, 2011 to stockholders of record as of October 11, 2011. Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “This is our 71 st consecutive quarterly dividend. We believe in a healthy dividend policy that reflects our continued success and rewards our shareholders for their confidence. We have increased cash dividends declared to shareholders in each of the past 17 years. This consistency has become a hallmark of our performance.” In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last sixteen 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 branches in the South End of Boston and on Beacon Hill. The Bank’s shares of common stock are listed and traded on The Nasdaq Stock Market under the symbol HIFS.
Looking at the universe of stocks we cover at Dividend Channel, on 1/7/15, Hingham Institution for Savings will trade ex-dividend, for its quarterly dividend of $0.28, payable on 1/21/15. As a percentage of HIFS's recent stock price of $85.00, this dividend works out to approximately 0.33%.