Hingham Institution for Savings (HIFS) Raises Quarterly Dividend 2.9% to $0.35; 0.6% Yield

Hingham Institution for Savings (NASDAQ: HIFS) declared a quarterly dividend of $0.35 per share, or $1.4 annualized. This is a 2.9% increase from the prior dividend of $0.34.

The dividend will be payable on July 18, 2018, to stockholders of record on July 9, 2018, with an ex-dividend date of July 6, 2018.

The annual yield on the dividend is 0.6 percent.

Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues its record of performance with solid balance sheet growth and 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 98th consecutive quarterly dividend and we have consistently increased regular quarterly cash dividends over the last twenty years.”

For a dividend history and other dividend-related data on Hingham Institution for Savings (HIFS) click here.

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