The Hingham Institution for Savings will pay a quarterly cash dividend of 28 cents per share on Oct. 20 to stockholders of record on Oct. 10, the company’s board of directors announced.

"The bank continues its record of strong performance year over year with significant balance sheet growth, strong earnings and solid capital ratios. These results have allowed us to increase cash dividends declared in each of the last 20 years," President and CEO Robert H. Gaughen said in a statement. "This dividend, our 83rd consecutive quarterly dividend, is a continuation of our tradition of remaining acutely aware of our obligation to our shareholders. We believe in a healthy dividend policy that reflects our continued success and rewards our shareholders for their confidence while maintaining a strong capital base."

In addition to regular quarterly cash dividends, Hingham Institution for Savings has declared special cash dividends in each of the last 19 years. Future dividends will be considered by the board of directors on a quarterly basis.