Hingham Institution for Savings (HIFS) will hike its quarterly dividend to $0.32 per share.

The dividend will be paid on October 19, 2016 to stockholders of record as of October 10, 2016.

Robert H. Gaughen, Jr., President and CEO of the Bank, in announcing the dividend, stated, "The Bank continues its record of strong performance with solid balance sheet growth and strong returns on equity capital. These returns are the product of conservative underwriting, disciplined cost control, and careful capital allocation. These returns have allowed us to consistently increase regular quarterly cash dividends over the last 20 years. This is our 91st consecutive regular quarterly dividend. It is part of our ongoing effort to allocate capital in order to create value for our owners."

In addition to regular quarterly cash dividends, the Bank has declared special cash dividends in each of the last twenty one years. Future dividends will be considered by the Board of Directors on a quarterly basis.

The new dividend yield for Hingham Institution of Savings is 0.9%. 

Hingham Institution for Savings is a Massachusetts-chartered savings bank principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank's Main Office is located in Hingham and the Bank also maintains offices on the South Shore, in Boston (South End and Beacon Hill), and on the island of Nantucket.