Hingham Institution for Savings (HIFS) will pay a special cash dividend of $0.32 per share.

The dividend will be paid on January 18, 2017 to stockholders of record as of January 6, 2017, together with the regular quarterly dividend of $0.32 per share.

Robert H. Gaughen, Jr., Chairman 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. The Bank regularly considers all capital allocation options and continues to return capital to the ownership through regular and special dividends.  This will be our 92nd consecutive quarterly dividend and we have consistently increased regular quarterly cash dividends over the last twenty years.”

At a current stock price of $166.16 the estimated dividend yield for HIFS is 0.8%.

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.