Hingham Institution for Savings (HIFS) will increase its quarterly dividend by another 4.1 percent to 51 cents per share in 2021. This comes after a dividend hike of 4.3 percent to 49 cents per share announced in Q1 of 2021. HIFS has raised its dividend 14 consecutive years.
The next dividend will be paid on August 11, 2021 to stockholders of record as of August 2, 2021. A regular annual dividend rate of $2.04 per share yields 0.7% at a stock price of $302.50.
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. Hingham Institution for Savings has paid a dividend to shareholders every year since 1993.