Hingham Institution for Savings (HIFS) Declares Dividend Increase – $0.36 Per Share

Hingham Institution for Savings (NASDAQ:HIFS) announced a quarterly dividend on Thursday, September 27th, Wall Street Journal reports. Investors of record on Tuesday, October 9th will be given a dividend of 0.36 per share by the savings and loans company on Wednesday, October 17th. This represents a $1.44 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, October 5th. This is a positive change from Hingham Institution for Savings’s previous quarterly dividend of $0.35.

Hingham Institution for Savings has raised its dividend payment by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Shares of HIFS stock traded down $1.40 on Thursday, hitting $218.60. 202 shares of the stock traded hands, compared to its average volume of 1,119. The firm has a market cap of $459.34 million, a P/E ratio of 15.75 and a beta of 0.76. Hingham Institution for Savings has a 1-year low of $184.98 and a 1-year high of $242.00.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, July 13th. The savings and loans company reported $3.64 earnings per share (EPS) for the quarter. The firm had revenue of $16.60 million for the quarter.

Separately, BidaskClub raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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Dividend History for Hingham Institution for Savings (NASDAQ:HIFS)

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