Hingham Institution for Savings Announces 4.8% Increase in Dividend

• Press Release
• Source: Hingham Institution for Savings
• On 10:17 am EDT, Thursday September 24, 2009

HINGHAM,Mass.--(BUSINESS WIRE)--HINGHAM INSTITUTION FOR SAVINGS (Nasdaq – HIFS), Hingham, Massachusetts announced that its Board of Directors declared its regular quarterly cash dividend of $0.22 per share. The dividend will be paid on October 20, 2009 to stockholders of record as of October 9, 2009.

Related Quotes

Symbol	Price	Change
HIFS	31.00	0.00

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Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated, “This 63^rd consecutive quarterly dividend represents a 4.8% increase over the prior quarter’s dividend. We are proud of the fact that, based upon our positive financial results, our Board of Directors have been able to increase our dividends declared to stockholders in each of the last 14 years. We remain focused on the conservative strategies and practices that have produced record results this year. We continue to believe in a dividend policy that provides stockholders with tangible participation in this success.”

In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last fourteen years. Future dividends will be considered by the Board of Directors on a quarterly basis.

Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts. Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest in the Commonwealth. The Bank’s main offices are located on Main Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank also maintains branch offices in South Hingham and the neighboring towns of Cohasset, Hull, Scituate, Norwell, Weymouth, as well as the South End of Boston.

The Bank’s shares of common stock are listed and traded on The Nasdaq Stock Market under the symbol HIFS.

Hingham Institution for Savings
Robert H. Gaughen, Jr.
President
or
William M. Donovan, Jr., 781-749-2200
Vice President-Administration