Washington Trust Bancorp, Inc. Increases Quarterly Dividend

Rhea-AI Summary

Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of $0.52 per share for the quarter ending December 31, 2020, representing a one cent increase. This dividend will be paid on January 8, 2021 to shareholders of record as of January 4, 2021. As of September 30, 2020, the company reported $5.8 billion in assets, solidifying its position as one of the Northeast's leading financial service providers.

Positive

• Quarterly dividend increased by 1 cent to $0.52 per share, reflecting shareholder value enhancement.
• Strong asset base of $5.8 billion as of September 30, 2020.

Negative

• None.

News Market Reaction

-0.24%

1 alert

-0.24% News Effect

On the day this news was published, WASH declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WESTERLY, R.I., Dec. 17, 2020 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of $0.52 per share for the quarter ending December 31, 2020.  This represents a one cent per share increase over the most recent quarterly dividend rate.  The dividend will be paid January 8, 2021 to shareholders of record on January 4, 2021.

ABOUT WASHINGTON TRUST BANCORP, INC.
Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $5.8 billion in assets as of September 30, 2020. 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 dividend amount for Washington Trust Bancorp in Q4 2020?

The dividend amount is $0.52 per share for the fourth quarter of 2020.

When will the dividend be paid for WASH?

The dividend will be paid on January 8, 2021.

What is the record date for Washington Trust Bancorp's dividend?

The record date for the dividend is January 4, 2021.

How much were Washington Trust Bancorp's assets as of September 30, 2020?

Washington Trust Bancorp reported $5.8 billion in assets as of September 30, 2020.