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1999 First Quarter - Cash Dividend Announced
PRESS RELEASE
| FROM: |
Robert H. Gaughen, Jr., President Hingham Institution for Savings Hingham, MA (NASDAQ - HIFS) |
| DATE: | March 26, 1999 |
| CONTACT: | William M. Donovan, Jr., Vice President (781) 749-2200 |
10% INCREASE IN DIVIDEND ANNOUNCED
HINGHAM INSTITUTION FOR SAVINGS (Nasdaq - HIFS), Hingham, Massachusetts, announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend will be paid on April 22, 1999 to stockholders of record as of April 12, 1999.
In announcing the dividend, Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, stated "This represents the sixth increase in our quarterly dividend in the past three years. This action demonstrates our continued confidence in our core earnings capacity. Our positive earnings results, combined with the continued strength of our capital position, allowed the Board to adopt this increase in our quarterly dividend." Future dividends will continue to be considered by the Board 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.
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