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 ordinary quarterly cash dividend of $zero.39 per percentage. This represents a growth of 3% over the previous average quarterly dividend of $zero.38 in step with rate. The compensation could be paid on July 17, 2019, to stockholders of the file as of July eight, 2019.
IN ANNOUNCING THE DIVIDEND, Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, said, “he Bank maintains to provide strong returns on fairness capital. These returns are 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’vewe’vecontinually increased regular quarterly cash dividends over the last twenty-four years.”
In “addition to everyday quarterly coins dividends, the Bank has declared special cash dividends in every of the remaining twenty-four years, commonly within the fourth area. The Bank units the extent of the special prize primarily based on the BanBank’spital necessities and the return on available capital allocation options. This might also result in special bonuses, notably above or underneath the regular quarterly dividend. The Board of Directors will consider future ordinary and extraordinary tips 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 banksAmerica’sk’s Main Office is Bank’s 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.metropolitann region.
The Bank’s stocks of commBank’sck are indexed and traded on The Nasdaq Stock Market beneath the image HIFS.
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