Washington Trust Bancorp, Inc. (WASH) to Issue Quarterly Dividend of $0.56 on October 9th

Washington Trust Bancorp, Inc. (NASDAQ:WASH) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.56 per share by the financial services provider on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, October 1st.

Washington Trust Bancorp has increased its dividend by an average of 0.0%per year over the last three years. Washington Trust Bancorp has a payout ratio of 73.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Washington Trust Bancorp to earn $3.54 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 63.3%.

Washington Trust Bancorp Stock Down 0.2%

Shares of WASH opened at $39.31 on Friday. The firm has a market cap of $749.80 million, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. The company’s fifty day moving average is $39.06 and its two-hundred day moving average is $35.49. Washington Trust Bancorp has a fifty-two week low of $25.23 and a fifty-two week high of $40.54. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.86.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Washington Trust Bancorp had a return on equity of 10.18% and a net margin of 14.50%.The business had revenue of $60.47 million during the quarter, compared to the consensus estimate of $59.91 million. Analysts forecast that Washington Trust Bancorp will post 3.2 earnings per share for the current year.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc is the parent company of The Washington Trust Company, a full-service community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is recognized as one of the oldest continuously operating banks in the United States.

The company provides a range of financial services to individuals, families, businesses, and institutions. Its offerings include personal and commercial deposit accounts, consumer and business lending, residential mortgages, cash management, online and mobile banking, and other traditional banking services.