Hingham Savings (HIFS) will raise its quarterly dividend by 3.6% to 57 cents per share in 2022. The dividend yield is 0.7% at a stock price of $345.

On March 30, 2022, the Bank declared a regular cash dividend of $0.57 per share. This represented an increase of 4% over the previous regular quarterly dividend of $0.55 per share. This dividend will be paid on May 11, 2022 to stockholders of record as of May 2, 2022. This was the Bank’s 113th consecutive quarterly dividend and the Bank has consistently increased regular quarterly cash dividends over the last twenty-seven years. The Bank has also declared special cash dividends in each of the last twenty-seven years, typically in the fourth quarter.

The Bank sets the level of the special dividend based on the Bank’s capital requirements and the prospective return on other capital allocation options. This may result in special dividends, if any, significantly above or below the regular quarterly dividend. Future regular and special dividends will be considered by the Board of Directors on a quarterly basis.

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.