Washington Trust Bancorp, Inc. (NASDAQ:WASH) Declares Quarterly Dividend of $0.56

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 is Thursday, October 1st.

Washington Trust Bancorp has raised its dividend by an average of 0.0%per year over the last three years. Washington Trust Bancorp has a dividend 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 Up 0.4%

Washington Trust Bancorp stock opened at $39.40 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. Washington Trust Bancorp has a 1-year low of $25.23 and a 1-year high of $40.54. The company has a fifty day simple moving average of $38.99 and a 200 day simple moving average of $35.46. The company has a market cap of $751.36 million, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70.

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