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PRESS RELEASE
FROM: Robert H. Gaughen, Jr.,
President
Hingham Institution
for Savings
Hingham, MA
(NASDAQ-HIFS)
DATE: September 27, 2007
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 $0.20 per share. The dividend will be paid on July 20, 2007 to stockholders of record as of July 10, 2007.
This represents the Bank’s 54th consecutive quarterly dividend. Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated “Despite the continued impact of significant pressure on our net interest margin from the current yield curve, our strong growth and disciplined cost control allow for maintaining a generous dividend policy.
In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last twelve 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, Weymouth and a recently opened branch in 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.
