Hingham Institution for Saving (HIFS) Raises Quarterly Dividend 3.7% to $0.28; 1.4% Yield

Hingham Institution for Saving (NASDAQ: HIFS) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. This is a 3.7% increase from the prior dividend of $0.27.

The dividend will be payable on October 20, 2014, to stockholders of record on October 10, 2014, with an ex-dividend date of October 8, 2014.

The annual yield on the dividend is 1.4 percent.

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.”

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

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