Washington Trust Bancorp, Inc. Increases Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of 56 cents per share for Q4 2022, marking a two cents increase from the previous dividend rate. This increase signifies the twelfth consecutive year of dividend growth. The dividend will be paid on January 6, 2023, to shareholders on record as of January 3, 2023. Washington Trust had approximately $6.4 billion in assets as of September 30, 2022.

Positive

• Quarterly dividend increased by 2 cents, demonstrating commitment to returning value to shareholders.
• Twelfth consecutive year of dividend increases, indicating financial stability and growth.
• Significant asset base of $6.4 billion as of September 30, 2022, providing a strong foundation for operations.

Negative

• None.

WESTERLY, R.I., Dec. 15, 2022 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending December 31, 2022. This represents a two cents per share increase over the most recent quarterly dividend rate and the twelfth consecutive year with a dividend increase. The dividend will be paid January 6, 2023 to shareholders of record on January 3, 2023.

ABOUT WASHINGTON TRUST BANCORP, INC.
Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $6.4 billion in assets as of September 30, 2022. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation's common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation's web site at ir.washtrust.com.

 

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SOURCE Washington Trust Bancorp, Inc.

FAQ

What is the new dividend amount declared by Washington Trust Bancorp?

Washington Trust Bancorp declared a quarterly dividend of 56 cents per share.

When will the dividend be paid to shareholders?

The dividend will be paid on January 6, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is January 3, 2023.

How long has Washington Trust Bancorp been increasing its dividend?

Washington Trust Bancorp has increased its dividend for twelve consecutive years.

What were the total assets of Washington Trust Bancorp as of September 30, 2022?

As of September 30, 2022, Washington Trust Bancorp had approximately $6.4 billion in assets.