Hingham Savings Declares Regular Dividend of $zero.39 Per Share
HINGHAM, Mass., June 26, 2019 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors had declared an everyday quarterly cash dividend of $zero.39 per percentage. This represents a growth of 3% over the previous normal quarterly dividend of $zero.38 in step with percentage. The dividend could be paid on July 17, 2019, to stockholders of the file as of July eight, 2019.
Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, said, “The Bank maintains to provide strong returns on fairness capital. These returns are the manufactured from conservative underwriting, disciplined cost control, and cautious capital allocation. The Bank often considers all capital allocation alternatives and maintains to go back capital to the possession through each ordinary and special dividends. This can be our 102nd consecutive quarterly dividend, and we’ve got continually increased regular quarterly cash dividends over the last twenty-four years.”
In addition to everyday quarterly coins dividends, the Bank has declared unique cash dividends in every of the remaining twenty-four years, commonly within the fourth area. The Bank units the extent of the unique dividend primarily based at the Bank’s capital necessities and the return on available capital allocation options. This might also result in unique dividends, if any, notably above or underneath the everyday quarterly dividend. Future ordinary and special dividends will be considered by way of the Board of Directors on a quarterly foundation.
Hingham Institution for Savings is a Massachusetts-chartered saving financial institution located in Hingham, Massachusetts. Incorporated in 1834, it is one of America’s oldest banks. The Bank’s Main Office is located in Hingham and the Bank continues places of work at the South Shore, in Boston (South End and Beacon Hill), and on the island of Nantucket. The Bank additionally offers commercial loan lending and private banking offerings in the Greater Washington D.C. Metropolitan region.
The Bank’s stocks of common stock are indexed and traded on The Nasdaq Stock Market beneath the image HIFS.
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