Washington Trust Bancorp, Inc. (WASH) To Go Ex-Dividend on April 1st

Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Wednesday, April 1st will be given a dividend of 0.56 per share by the financial services provider on Friday, April 10th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Wednesday, April 1st.

Washington Trust Bancorp has increased its dividend payment 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 $3.12 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 71.8%.

Washington Trust Bancorp Price Performance

WASH stock opened at $32.13 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.19. Washington Trust Bancorp has a one year low of $24.95 and a one year high of $37.08. The firm has a market capitalization of $611.76 million, a PE ratio of 11.90, a P/E/G ratio of 0.67 and a beta of 0.85. The firm has a 50-day moving average of $33.35 and a two-hundred day moving average of $30.39.

Washington Trust Bancorp (NASDAQ:WASH) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. Washington Trust Bancorp had a net margin of 13.26% and a return on equity of 9.75%. The business had revenue of $59.25 million for the quarter, compared to the consensus estimate of $56.38 million. On average, analysts forecast that Washington Trust Bancorp will post 2.76 earnings per share for the current year.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc is the bank holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Through its subsidiary, the company operates a network of branch offices across Rhode Island and southeastern Connecticut, serving individuals, small businesses and municipalities with a full suite of financial services.

The company’s core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions.