As the day concludes, Washington Trust Bancorp WASH is preparing to distribute a dividend payout of $0.56 per share, resulting in an annualized dividend yield of 7.99%. This payout is exclusive to investors who held the stock before the ex-dividend date on June 30, 2023.
Washington Trust Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-06-30 | 4 | $0.56 | 7.99% | 2023-06-15 | 2023-07-03 | 2023-07-13 |
| 2023-03-31 | 4 | $0.56 | 6.43% | 2023-03-16 | 2023-04-03 | 2023-04-13 |
| 2022-12-30 | 4 | $0.56 | 4.67% | 2022-12-15 | 2023-01-03 | 2023-01-06 |
| 2022-09-30 | 4 | $0.54 | 4.42% | 2022-09-15 | 2022-10-03 | 2022-10-07 |
| 2022-06-30 | 4 | $0.54 | 4.4% | 2022-06-16 | 2022-07-01 | 2022-07-08 |
| 2022-03-31 | 4 | $0.54 | 3.99% | 2022-03-17 | 2022-04-01 | 2022-04-08 |
| 2021-12-31 | 4 | $0.54 | 3.94% | 2021-12-16 | 2022-01-03 | 2022-01-07 |
| 2021-09-30 | 4 | $0.52 | 4.13% | 2021-09-16 | 2021-10-01 | 2021-10-08 |
| 2021-06-30 | 4 | $0.52 | 3.77% | 2021-06-17 | 2021-07-01 | 2021-07-09 |
| 2021-03-31 | 4 | $0.52 | 3.98% | 2021-03-18 | 2021-04-01 | 2021-04-09 |
| 2020-12-31 | 4 | $0.52 | 4.53% | 2020-12-17 | 2021-01-04 | 2021-01-08 |
| 2020-09-30 | 4 | $0.51 | 6.03% | 2020-09-17 | 2020-10-01 | 2020-10-09 |
In the realm of dividend yield, Washington Trust Bancorp reigns supreme among its industry peers, surpassing Central Pacific Financial CPF with an annualized dividend yield of 6.44%.
Analyzing Washington Trust Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $2.00 in 2019 to $2.18 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Washington Trust Bancorp
From 2019 to 2022, Washington Trust Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $4.05 to $4.31. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Washington Trust Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.56 per share, leading to an annualized dividend yield of 7.99%.
In the realm of dividend yield, Washington Trust Bancorp reigns supreme among its industry peers, surpassing Central Pacific Financial with an annualized dividend yield of 6.44%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Washington Trust Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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