The board of directors of Hingham Institution for Savings has declared its regular quarterly cash dividend of $0.22 per share.

The dividend will be paid Jan. 21 to stockholders of record as of Jan. 11.

In addition to the regular quarterly dividend, the board of directors will pay a special dividend of $0.23 per share, which represents a 4.5 percent increase over the prior year’s special dividend. This special dividend will also be paid on Jan. 21 to stockholders of record as of Jan. 11.

"During this period of financial turmoil our earnings, return on equity, deposits and loans have all shown healthy increases. These positive results have allowed our board to approve the regular quarterly dividend and approve an increased special dividend," said Robert H. Gaughen, Jr., president and chief executive officer. "This sixty-fourth consecutive quarterly dividend and the fifteenth consecutive annual special dividend communicate our continued confidence in our belief that a prudently operated, well capitalized local bank can profitably serve both its stockholders and its communities."