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PRESS RELEASE
FROM: Robert H. Gaughen, Jr.,
President
Hingham Institution
for Savings
Hingham, MA
(NASDAQ-HIFS)
DATE: March 24, 2005
CONTACT: William M. Donovan, Jr., Vice President 781.749.2200
QUARTERLY DIVIDEND ANNOUNCED
HINGHAM INSTITUTION FOR SAVINGS (NASDAQ - HIFS), Hingham, Massachusetts, announced that its Board of Directors declared its regular quarterly cash dividend of $0.19 per share. The dividend will be paid on April 21, 2005 to stockholders of record as of April 11, 2005.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated "This forty-fifth consecutive quarterly dividend is indicative of our commitment to a dividend policy that recognizes our solid asset growth and continued confidence in our basic strategies."
In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last ten years. Total dividends declared per share have increased in each of the last eleven 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 Massachusetts. 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 Hull, Cohasset, Scituate, and South Weymouth.
The Bank's shares of common stock are listed and
traded on The NASDAQ Stock Market under the symbol HIFS.
