Hingham Savings Declares Regular Dividend of $0.40 per Share
Hingham Institution for Savings (HIFS)
US:NASDAQ Investor Relations:
hinghamsavings.com/investor-materials
Company Research
Source: GlobeNewswire
HINGHAM, Mass. , Sept. 25, 2019 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share. This represents an increase of 3% over the previous regular quarterly dividend of $0.39 per share. The dividend will be paid on October 16, 2019 to stockholders of record as of October 7, 2019.Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues to produce 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 both regular and special dividends. This will be our 103rd consecutive quarterly dividend and we have consistently increased regular quarterly cash
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