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

Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.56 per share by the financial services provider on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, July 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Washington Trust Bancorp to earn $3.38 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 66.3%.

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Washington Trust Bancorp Stock Performance

NASDAQ WASH opened at $34.92 on Friday. Washington Trust Bancorp has a twelve month low of $25.23 and a twelve month high of $37.08. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.09. The stock has a market cap of $665.92 million, a P/E ratio of 12.79, a PEG ratio of 0.84 and a beta of 0.74. The company’s 50-day simple moving average is $33.07 and its 200 day simple moving average is $32.56.

Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.11). Washington Trust Bancorp had a net margin of 13.71% and a return on equity of 9.79%. The company had revenue of $57.83 million for the quarter, compared to analyst estimates of $58.24 million. As a group, research analysts forecast that Washington Trust Bancorp will post 3.09 earnings per share for the current fiscal year.

Washington Trust Bancorp Company Profile

(Get Free Report)

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.

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