WASH stock dividend – Washington Trust Bancorp Inc Declares 0.56 Cash Dividend.
March 19, 2023
Dividends Yield
WASHINGTON TRUST BANCORP ($NASDAQ:WASH) has announced that it will declare a cash dividend of 0.56 USD per share on March 17 2023. This dividend is an annual dividend and is consistent with the past three years of WASHINGTON TRUST BANCORP providing a dividend per share of 2.18 USD with a dividend yield of 4.38%. This makes WASHINGTON TRUST BANCORP an attractive option for those looking for dividend stocks as the average dividend yield for the period is 4.38%. Investors should mark their calendars for March 31, 2023, which is the ex-dividend date for WASHINGTON TRUST BANCORP.
This announcement highlights the company’s commitment to providing a steady stream of income for its shareholders and is likely to further bolster the confidence investors have in the company’s prospects. As such, WASHINGTON TRUST BANCORP could be a great option for investors looking to invest in dividend stocks.
Price History
On Friday, WASHINGTON TRUST BANCORP stock opened at $36.4 but closed at $34.8, a drop of 5.3% from its prior closing price of 36.8. This announcement further emphasizes the company’s commitment to rewarding its shareholders and providing them with an opportunity to benefit from the company’s success. Live Quote…
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 |
| – | – | – |
Analysis – WASH Intrinsic Value
We at GoodWhale have conducted an in-depth analysis of WASHINGTON TRUST BANCORP’s financial health and wellbeing. Through our proprietary Valuation Line, we have determined that the fair value of WASHINGTON TRUST BANCORP share is around $46.7. Currently, WASHINGTON TRUST BANCORP stock is being traded at $34.8, meaning the stock is undervalued by an estimated 25.5%. We believe there is an opportunity to invest in this stock at a discounted rate. More…
Peers
The banking industry is extremely competitive, with banks vying for customers by offering the best interest rates and products. Washington Trust Bancorp Inc is no different, and competes against other banks such as C&F Financial Corp, Provident Financial Holdings Inc, and Ledyard Financial Group Inc. All of these banks offer similar products and services, so it can be difficult for customers to choose one over the other. It is important for Washington Trust Bancorp Inc to differentiate itself from its competitors in order to attract and retain customers.
– C&F Financial Corp ($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
Investing in Washington Trust Bancorp is a safe bet for those seeking reliable income. For the past three years, the company has consistently issued an annual dividend of 2.18 USD per share, providing an average dividend yield of 4.38%. This is one of the higher yields among publicly-traded financial institutions, making it an attractive option for investors seeking steady returns. Washington Trust Bancorp also boasts a strong track record of financial performance, making it a smart choice for those looking to diversify their portfolio.
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