The board of directors of Hingham Institution for Savings has declared a regular quarterly cash dividend of 25-cents per share.

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

"This is our 71st consecutive quarterly dividend. We believe in a healthy dividend policy that reflects our continued success and rewards our shareholders for their confidence," said Robert H. Gaughen Jr., president and chief executive officer of the bank. "We have increased cash dividends declared to shareholders in each of the past 17 years. This consistency has become a hallmark of our performance."

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, according to a statement.