Washington Trust Bancorp's last quarterly dividend payment of $0.56 per share was made to shareholders on record before Mar 28, 2024. The dividend payment stands at $2.24 per share annually, which equates to a dividend yield of 9.13%.
WASH has a dividend yield of 9.13% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.54%, Washington Trust Bancorp's dividend yield is 158% higher. Historically WASH's dividend yield has averaged at 5.3% in the last 5 years, which is less than the current one.
Washington Trust Bancorp has been paying dividends for the last 29 years. According to our records WASH has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 1.8% since one year ago. And with the stock price down by 25% from a year ago, the dividend yield marks an increase of 35%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 28, 2024 | Apr 12, 2024 | Mar 21, 2024 | $0.56 | normal |
| Dec 29, 2023 | Jan 12, 2024 | Dec 22, 2023 | $0.56 | normal |
| Sep 29, 2023 | Oct 12, 2023 | Sep 21, 2023 | $0.56 | normal |
| Jun 30, 2023 | Jul 13, 2023 | Jun 15, 2023 | $0.56 | normal |
| Mar 31, 2023 | Apr 13, 2023 | Mar 16, 2023 | $0.56 | normal |
| Dec 30, 2022 | Jan 6, 2023 | Dec 15, 2022 | $0.56 | normal |
| Sep 30, 2022 | Oct 7, 2022 | Sep 15, 2022 | $0.54 | normal |
| Jun 30, 2022 | Jul 8, 2022 | Jun 16, 2022 | $0.54 | normal |
| Mar 31, 2022 | Apr 8, 2022 | Mar 17, 2022 | $0.54 | normal |
| Dec 31, 2021 | Jan 7, 2022 | Dec 16, 2021 | $0.54 | normal |
| Sep 30, 2021 | Oct 8, 2021 | Sep 16, 2021 | $0.52 | normal |
| Jun 30, 2021 | Jul 9, 2021 | Jun 17, 2021 | $0.52 | normal |
| Mar 31, 2021 | Apr 9, 2021 | Mar 18, 2021 | $0.52 | normal |
| Dec 31, 2020 | Jan 8, 2021 | Dec 17, 2020 | $0.52 | normal |
| Sep 30, 2020 | Oct 9, 2020 | Sep 17, 2020 | $0.51 | normal |
| Jun 30, 2020 | Jul 10, 2020 | Jun 18, 2020 | $0.51 | normal |
| Mar 31, 2020 | Apr 9, 2020 | Mar 19, 2020 | $0.51 | normal |
| Dec 31, 2019 | Jan 10, 2020 | Dec 19, 2019 | $0.51 | normal |
| Sep 30, 2019 | Oct 11, 2019 | Sep 19, 2019 | $0.51 | normal |
| Jun 28, 2019 | Jul 12, 2019 | Jun 20, 2019 | $0.51 | normal |
| Mar 29, 2019 | Apr 12, 2019 | Mar 21, 2019 | $0.47 | normal |
| Dec 31, 2018 | Jan 11, 2019 | Dec 20, 2018 | $0.47 | normal |
| Sep 28, 2018 | Oct 12, 2018 | Sep 20, 2018 | $0.43 | normal |
| Jun 29, 2018 | Jul 13, 2018 | Jun 21, 2018 | $0.43 | normal |
| Mar 29, 2018 | Apr 13, 2018 | Mar 15, 2018 | $0.43 | normal |
| Dec 29, 2017 | Jan 12, 2018 | Dec 21, 2017 | $0.39 | normal |
| Sep 29, 2017 | Oct 13, 2017 | Sep 21, 2017 | $0.39 | normal |
| Jun 29, 2017 | Jul 14, 2017 | Jun 15, 2017 | $0.38 | normal |
| Mar 30, 2017 | Apr 13, 2017 | Mar 16, 2017 | $0.38 | normal |
| Dec 28, 2016 | Jan 13, 2017 | Dec 15, 2016 | $0.37 | normal |
| Sep 29, 2016 | Oct 14, 2016 | Sep 15, 2016 | $0.37 | normal |
WASH has a payout ratio of 79.4% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.4%, Washington Trust Bancorp's payout ratio is 102% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 9.17% | $2.24 | 79.4% |
| BRKL Brookline Bancorp Inc | 5.99% | $0.54 | 63.5% |
| UNB Union Bankshares Inc | 5.2% | $1.44 | 57.6% |
| INDB Independent Bank Corp | 4.62% | $2.22 | 41% |
| WBS Webster Financial Corp | 3.52% | $1.6 | 32.6% |
Yes, Washington Trust Bancorp has paid four dividends in the last 12 months. WASH has been paying dividends since 1995.
Currently WASH's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
Washington Trust Bancorp's last dividend ex-date was on Mar 28, 2024. The dividend amount was $0.56 per share.
On an annual basis WASH pays $2.24 per share.
Currently Washington Trust Bancorp's dividend yield is 9.13%.
Washington Trust Bancorp pays dividends quarterly.
Washington Trust Bancorp's dividend payout ratio is 79.4%.
Washington Trust Bancorp's dividend yield is more than the Financial Services sector average.