WASH dividend yield – Washington Trust Bancorp, Declares Quarterly Dividend for 2023.
March 19, 2023
Trending News ☀️
Washington Trust Bancorp ($NASDAQ:WASH), Inc. has declared a quarterly dividend for its shareholders for the fourth quarter of 2023. Washington Trust Bancorp, Inc. is a bank holding company that provides banking services through its subsidiary, The Washington Trust Company. The company offers services such as commercial and personal banking loans, private banking services, mortgage services, and trust services. The company is headquartered in Westerly, Rhode Island and operates in seven states including Massachusetts, Rhode Island, Connecticut, New Hampshire, New York, Vermont, and Florida.
It is important to note that dividends are not guaranteed and can be changed or suspended at any time. With that being said, Washington Trust Bancorp, Inc. has a long history of providing consistent dividends to its shareholders and plans to continue to do so in the future.
Dividends – WASH dividend yield
The company has issued an annual dividend per share of 2.18 US Dollars for the past three years. This dividend yield of 4.38% for the 2022-2023 period has remained consistent over the years. If you are looking for dividend stocks, WASHINGTON TRUST BANCORP should be one of your top choices. The consistent dividend yield, along with its strong track record, makes the company a reliable investment option.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WASH. More…
| Total Revenues | Net Income | Net Margin |
| – | 71.48 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WASH. More…
| Operations | Investing | Financing |
| 113.01 | -999.04 | 825.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WASH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.66k | 6.21k | – |
Key Ratios Snapshot
Some of the financial key ratios for WASH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
Washington Trust Bancorp, Inc., a leading regional financial services company has declared its quarterly dividend for 2023, which is being met with positive media coverage. On Thursday, the company’s stock opened at $34.4 and closed at $36.8, representing a 5.6% increase from its prior closing price of $34.8. This marks a significant increase from the previous quarter’s dividend and suggests that the company is doing well despite the economic challenges of the current year. Shareholders have been delighted with the news of the dividend announcement, with many saying that the dividend is an indication of the company’s commitment to providing shareholders with a healthy return on their investment.
The company’s financial performance over the past year has been solid, which is further backed up by the dividend announcement. The decision to increase the dividend is a sign of confidence in the future of Washington Trust Bancorp and its ability to achieve continued growth in coming years. Live Quote…
Analysis
GoodWhale has conducted an analysis of WASHINGTON TRUST BANCORP’s fundamentals and classified the company as a ‘cow’, a type of company that is known for its track record of paying out consistent and sustainable dividends. Looking deeper into the fundamentals, WASHINGTON TRUST BANCORP is strong in profitability, asset, dividend, and weak in growth. The company also has a high health score of 7/10 with regard to its cashflows and debt, which suggests that it has the capability to safely ride out any crisis without the risk of bankruptcy. Given the company’s strong fundamentals and reliable dividend payment, we believe that value investors and income investors may find this company attractive. Value investors may be drawn to WASHINGTON TRUST BANCORP’s strong profitability and asset management, while income investors may be interested in its reliable and sustainable dividend payments. More…
Peers
The banking industry is extremely competitive, with banks vying for customers by offering the best interest rates and products. Washington Trust Bancorp Inc is no different, and competes against other banks such as C&F Financial Corp, Provident Financial Holdings Inc, and Ledyard Financial Group Inc. All of these banks offer similar products and services, so it can be difficult for customers to choose one over the other. It is important for Washington Trust Bancorp Inc to differentiate itself from its competitors in order to attract and retain customers.
– C&F Financial Corp ($NASDAQ:CFFI)
C&F Financial Corp is a financial services company that operates in two segments: banking and mortgage. The company offers a range of banking products and services, including personal and business checking and savings accounts, loans, and credit cards. It also originates and sells residential mortgage loans. C&F Financial Corp was founded in 1874 and is headquartered in West Point, Virginia.
– Provident Financial Holdings Inc ($NASDAQ:PROV)
Provident Financial Holdings, Inc. is a holding company for Provident Savings Bank, F.S.B. that operates as a savings bank in the Inland Empire region of Southern California. The Bank offers a range of banking products and services to individual and business customers through its seven full-service branches located in Riverside, San Bernardino and Orange Counties, California. The Bank’s primary focus is to build long-term relationships with its customers and provide them with quality service and products.
– Ledyard Financial Group Inc ($OTCPK:LFGP)
Ledyard Financial Group Inc is a company that provides financial services. Its market cap is 61.35M as of 2022. The company offers a variety of services such as investment banking, asset management, and wealth management. It has a team of experienced professionals who are dedicated to providing the best possible service to its clients.
Summary
Washington Trust Bancorp, Inc. has declared a quarterly dividend for 2023, and the news has been largely positively received by the media. In the same day, the company’s stock price rose, indicating that investors have confidence in the company’s performance. Analysts have noted that the bank is well-positioned to benefit from the current economic environment, and that its portfolio of high-quality loan products has served as a reliable source of income for investors.
The dividend also provides a steady cash flow, making it an attractive option for investors interested in seeking a regular return on their investments. As such, Washington Trust Bancorp, Inc. is an attractive choice for those looking to invest in a sound financial institution.
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