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

Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced a quarterly dividend on Thursday, June 18th. Investors 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) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, July 1st.

Washington Trust Bancorp has raised its dividend payment 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. Research analysts expect Washington Trust Bancorp to earn $3.36 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 66.7%.

Washington Trust Bancorp Price Performance

WASH stock opened at $36.89 on Monday. The company has a market cap of $703.49 million, a P/E ratio of 13.51, a P/E/G ratio of 0.89 and a beta of 0.74. Washington Trust Bancorp has a 52 week low of $25.23 and a 52 week high of $37.08. The company’s 50-day moving average price is $33.08 and its 200 day moving average price is $32.82. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.09.

Washington Trust Bancorp (NASDAQ:WASH) last issued its earnings results on Monday, April 20th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.11). Washington Trust Bancorp had a return on equity of 9.79% and a net margin of 13.71%.The company had revenue of $57.83 million for the quarter, compared to analyst estimates of $58.24 million. On average, research analysts expect that Washington Trust Bancorp will post 3.07 earnings per share for the current fiscal year.

About Washington Trust Bancorp

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.