At the end of January 12, 2024, Washington Trust Bancorp WASH will reward its shareholders with a dividend payout of $0.56 per share, demonstrating an annualized dividend yield of 7.00%. Remember, only investors who held the stock before the ex-dividend date on December 29, 2023 will receive this payout.
Washington Trust Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-29 | 4 | $0.56 | 7.0% | 2023-12-22 | 2024-01-02 | 2024-01-12 |
| 2023-09-29 | 4 | $0.56 | 8.34% | 2023-09-21 | 2023-10-02 | 2023-10-12 |
| 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 |
In the realm of dividend yield, Washington Trust Bancorp reigns supreme among its industry peers, surpassing Flushing Financial FFIC with an annualized dividend yield of 5.51%.
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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $2.05 to $2.24. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Washington Trust Bancorp
The earnings chart above reveals a decrease in Washington Trust Bancorp's earnings per share, declining from $3.84 in 2020 to $3.00 in 2023. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article takes an in-depth look at Washington Trust Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.56 per share today, translating to an annualized dividend yield of 7.00%.
In the realm of dividend yield, Washington Trust Bancorp reigns supreme among its industry peers, surpassing Flushing Financial with an annualized dividend yield of 5.51%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, Washington Trust Bancorp seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Washington Trust Bancorp's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
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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