The board of directors of Hingham Institution For Savings has declared a regular quarterly cash dividend of 24-cents per share.

The dividend will be paid on April 20 to stockholders of record as of April 8, according to a statement.

"Our bank continued its record of maintaining solid capital ratios and sound asset quality while achieving strong growth in the balance sheet and a 27 percent increase in our bottom line for the fiscal year ended Dec. 31, 2010," said Robert H. Gaughen Jr., president and chief executive officer. "This is our 69th consecutive quarterly dividend. We believe strongly in a healthy dividend policy that reflects confidence in our ongoing success. We are proud of the fact that we have increased cash dividends to shareholders in each of the past 16 years."

In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last 16 years. Future dividends will be considered by the board of directors on a quarterly basis.