Hingham Institution for Savings (HIFS) Declares $0.50 Special Dividend; 0.2% Yield

Hingham Institution for Savings (NASDAQ: HIFS) declared a special dividend of $0.50 per share.

The dividend will be payable on January 16, 2019, to stockholders of record on January 7, 2019, with an ex-dividend date of January 4, 2019.

The annual yield on the dividend is 0.2 percent.

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. This will be our 100th consecutive quarterly dividend and we have consistently increased regular quarterly cash dividends over the last twenty years. The Bank has also declared a special dividend in each of the last twenty-four years, typically in the fourth quarter and in approximately the same amount as the regular quarterly dividend. Going forward, the Bank will set the level of the special dividend based on the Bank’s capital requirements and the return on available allocation options. This may result in special dividends, if any, significantly above or below the regular quarterly dividend. Future regular and special dividends will be considered by the Board of Directors on a quarterly basis.”

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

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• First Industrial Realty (FR) Declares $0.50 Quarterly Dividend; 3.2% Yield
• Cboe Global Markets (CBOE) Raises Quarterly Dividend 19.4% to $0.86; 1.2% Yield