Hingham Institution for Savings: Quarterly Dividend Announced.HINGHAM Hingham (hĭng`əm), resort town (1990 pop. 19,821), Plymouth co., E Mass., S of Boston, on the south shore of Hingham Bay; inc. 1635. Hingham is primarily residential with some diverse light industry. Its bay shore draws annual visitors. , Mass. -- HINGHAM INSTITUTION FOR SAVINGS (Nasdaq:HIFS), announced that its Board of Directors declared its regular quarterly cash dividend of $0.20 per share. The dividend will be paid on July 20, 2006 to stockholders of record as of July 10, 2006. This represents the Bank's 50th consecutive quarterly dividend. Robert H. Gaughen, Jr., President and Chief Executive Officer of the Bank, in announcing the dividend, stated "Despite the increasing impact of significant pressure on our net interest margin, we remain committed to maintaining a strong dividend policy." In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last twelve years. Future dividends will be considered by the Board of Directors on a quarterly basis. Hingham Institution for Savings is a Massachusetts-chartered savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. located in Hingham, Massachusetts Hingham is a town in Plymouth County on the South Shore of Massachusetts. The population was 29,882 at the 2000 census. Hingham is located 8 miles south of the Boston city limits. . Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest in the Commonwealth. The Bank's main offices are located on Main Street, Hingham, Massachusetts 02043, phone (781) 749-2200. The Bank also maintains branch offices in South Hingham and the neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. towns of Cohasset, Hull, Scituate, and Weymouth. The Bank's shares of common stock are listed and traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol HIFS. |
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