Hingham Institution for Savings hikes dividend by 3.3% and pays special dividend

On November 21, 2022, Hingham Savings (HIFS) announced that it will raise its quarterly dividend by another 3.3% to 63 cents per share in 2022. Also a new special dividend of 63 cents will be paid on January 11, 2023, together with the regular quarterly dividend. The dividend yield for HIFS is 0.9% at a stock price of $272.

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.