Hingham Institution for Savings: 4% Increase in Dividend Announced

HINGHAM, Mass.--()--HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS), announced that its Board of Directors declared a regular quarterly cash dividend of $0.28 per share. The dividend will be paid on October 20, 2014 to stockholders of record as of October 10, 2014.

Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues its record of strong performance year over year with significant balance sheet growth, strong earnings and solid capital ratios. These results have allowed us to increase cash dividends declared in each of the last 20 years. This dividend, our 83rd consecutive quarterly dividend, is a continuation of our tradition of remaining acutely aware of our obligation to our shareholders We believe in a healthy dividend policy that reflects our continued success and rewards our shareholders for their confidence while maintaining a strong capital base.”

In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last nineteen 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 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.

Contacts

Hingham Institution for Savings
Robert H. Gaughen, Jr., 781-749-2200
President
or
Robert A. Bogart, 781-749-2200
Vice President & Treasurer

Hingham Institution for Savings