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PRESS RELEASE
FROM: amp;namp;n Robert H. Gaughen, Jr.,
President
amp;namp;namp;namp;n Hingham Institution
for Savings
amp;namp;namp;namp;n Hingham, MA
(NASDAQ-HIFS)
DATE: amp;namp;n June 23, 2004
CONTACT: William M. Donovan, Jr., Vice President (781) 749.2200
5% INCREASE IN DIVIDEND ANNOUNCED
HINGHAM INSTITUTION FOR SAVINGS (NASDAQ - HIFS), Hingham, Massachusetts announced that its Board of Directors declared its regular quarterly cash dividend of $0.20 per share. The dividend will be paid on July 21, 2005 to stockholders of record as of July 11, 2005.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated "This forty-sixth consecutive quarterly dividend represents a 5% increase over the prior quarter's dividend and communicates 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 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 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, and Weymouth.
The Bank's shares of common stock are listed
and traded on The NASDAQ Stock Market under the symbol HIFS.
