Washington Trust Bancorp, Inc. Increases Quarterly Dividend

The Board of Directors of Washington Trust Bancorp has announced a quarterly dividend of 54 cents per share for the quarter ending December 31, 2021, marking a two-cent increase over the previous dividend rate.

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Rhea-AI Summary

The Board of Directors of Washington Trust Bancorp has announced a quarterly dividend of 54 cents per share for the quarter ending December 31, 2021, marking a two-cent increase over the previous dividend rate. This increase signifies the eleventh consecutive year of dividend growth. Shareholders on record by January 3, 2022, will receive payment on January 7, 2022.

As of September 30, 2021, the company held $6.0 billion in assets, continuing its legacy as the oldest community bank in the U.S.

Positive

Quarterly dividend increased by two cents per share.
Eleventh consecutive year of dividend growth.
Strong asset base of $6.0 billion as of September 2021.

Negative

None.

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News Market Reaction – WASH

The recorded move for WASH in the trading session of this news was +2.46%.

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12/16/2021 - 01:15 PM

WESTERLY, R.I., Dec. 16, 2021 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 54 cents per share for the quarter ending December 31, 2021. This represents a two cent per share increase over the most recent quarterly dividend rate and the eleventh consecutive year with a dividend increase. The dividend will be paid January 7, 2022 to shareholders of record on January 3, 2022.

ABOUT WASHINGTON TRUST BANCORP, INC.
Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $6.0 billion in assets as of September 30, 2021. 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-increases-quarterly-dividend-301446830.html

SOURCE Washington Trust Bancorp, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for WASH?

The new dividend amount for Washington Trust Bancorp (WASH) is 54 cents per share.

When will the dividend be paid for WASH?

The dividend for Washington Trust Bancorp (WASH) will be paid on January 7, 2022.

What is the record date for WASH's dividend payment?

The record date for the dividend payment of Washington Trust Bancorp (WASH) is January 3, 2022.

How many consecutive years has WASH increased its dividend?

Washington Trust Bancorp (WASH) has increased its dividend for eleven consecutive years.

Washington Trust Bancorp, Inc. Increases Quarterly Dividend