Hingham Institution for Savings (HIFS) will raise its quarterly dividend by 2.7 percent to $0.38 per share in the second quarter of 2019.

The next dividend will be paid on April 17, 2019 to stockholders of record as of April 8, 2019. A new annual rate of $1.52 per share yields 0.9% at a stock price of $168.

Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues to produce 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 both regular and special dividends.  This will be our 101st consecutive quarterly dividend and we have consistently increased regular quarterly cash dividends over the last twenty four years.”

Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts.  Incorporated in 1834, it is one of America’s oldest banks.  The Bank’s Main Office is located in Hingham and the Bank maintains offices on the South Shore, in Boston (South End and Beacon Hill), and on the island of Nantucket.  The Bank also provides commercial mortgage lending and private banking services in the Greater Washington D.C. metropolitan area.