Washington Trust Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Washington Trust Bancorp, Inc. (NASDAQ: WASH) has declared a quarterly dividend of 56 cents per share for the quarter ending March 31, 2023. This dividend will be paid on April 13, 2023 to shareholders on record as of April 3, 2023. As of December 31, 2022, the company reported $6.7 billion in assets, positioning itself as the oldest community bank in the nation and the largest state-chartered bank in Rhode Island. This consistent dividend payment reflects Washington Trust's commitment to providing returns to its shareholders.

AI-generated analysis. Not financial advice.

Positive

• Declared quarterly dividend of 56 cents per share.
• Demonstrates commitment to shareholder returns.
• Strong asset base of $6.7 billion as of December 31, 2022.

Negative

• None.

News Market Reaction – WASH

+5.60%

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+5.60% News Effect

On the day this news was published, WASH gained 5.60%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WESTERLY, R.I., March 16, 2023 /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 March 31, 2023. The dividend will be paid April 13, 2023 to shareholders of record on April 3, 2023.

ABOUT WASHINGTON TRUST BANCORP, INC.
Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $6.7 billion in assets as of December 31, 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/washington-trust-bancorp-inc-announces-quarterly-dividend-301774345.html

SOURCE Washington Trust Bancorp, Inc.

FAQ

What is the dividend amount declared by Washington Trust Bancorp for March 2023?

The declared dividend amount is 56 cents per share.

When will Washington Trust Bancorp pay its dividend?

The dividend will be paid on April 13, 2023.

What is the record date for the dividend payment by Washington Trust Bancorp?

The record date is April 3, 2023.

How much total assets does Washington Trust Bancorp have?

Washington Trust Bancorp reported total assets of $6.7 billion as of December 31, 2022.