Hingham Institution for Savings (HIFS) Raises Quarterly Dividend 2.4% to $0.42; 1.3% Yield

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HINGHAM SAVINGS INCREASES REGULAR DIVIDEND TO $0.42 PER SHARE

March 25, 2020 4:01 PM EDT

HINGHAM, Mass., March 25, 2020 (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 $0.42 per share.  This represents an increase of 2% over the previous regular quarterly dividend of $0.41 per share.  The dividend will be paid on April 15, 2020 to stockholders of record as of April 6, 2020.

Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, Although economic conditions have been... More