Hingham Institution for Savings: 4.0% Increase in Dividend Announced
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq: HIFS), Hingham, Massachusetts announced that its Board of Directors declared a regular quarterly cash dividend of $0.26 per share. The dividend will be paid on July 20, 2012 to stockholders of record as of July 10, 2012. This represents a 4.0% increase over the previous quarterly dividend.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “Continued organic growth in our balance sheet combined with outstanding cost control has produced some of the strongest and most consistent earnings in our industry. These results have allowed us to increase cash dividends declared in each of the last 18 years. This dividend, our 74th consecutive quarterly dividend, is a continuation of our tradition of remaining acutely aware of our obligation to our shareholders.”
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