The board of directors of Hingham Institution For Savings has declared a regular quarterly cash dividend of 23 cents per share.

The dividend will be paid April 20 to stockholders of record as of April 9.

"Our bank continued its record of maintaining solid capital ratios and sound asset quality while achieving strong growth in the balance sheet and a 28 perecnt increase in our bottom line for the fiscal year ended Dec. 31, 2009," said
Robert H. Gaughen, Jr., president and chief executive officer of the bank. "This 65th consecutive quarterly dividend represents a 4.5 percent increase over the prior quarter’s dividend which reflects our board’s commitment to a healthy dividend policy that reflects confidence in our ongoing success."