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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 November 23, 2005
CONTACT: William M. Donovan, Jr., Vice President 781.749.2200
SPECIAL DIVIDEND & QUARTERLY DIVIDEND DECLARED
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 January 20, 2006 to stockholders of record as of January 10, 2006.
In addition to the regular quarterly dividend, Hingham's Board of Directors announced that it will pay a special dividend of $0.20 per share. This special dividend will also be paid on January 20, 2006 to stockholders of record as of January 10, 2006.
Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, stated "Strong growth and disciplined cost control allow for maintenance of a generous dividend policy."
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.
