By Michael Souza
PBN Staff Writer
WESTERLY – The board of directors of Washington Trust Bancorp Inc., have announced quarterly dividend of 24 cents per share for the quarter ending Sept. 30, 2012. The dividend is a one cent increase over the amount paid in the previous quarter and is the corporation’s second dividend increase in 2012. The dividend will be paid on Oct. 12, 2012 to shareholders of record on Oct. 1, 2012.
“This dividend increase reflects Washington Trust’s solid capital position, our strong year-to-date performance, and our commitment to our shareholders,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO.
Meanwhile, the board of directors of Independent Bank Corp., parent of Rockland Trust Co., have announced a $0.21 per share dividend which will be payable on Oct. 12, 2012, to stockholders of record as of the close of business on Oct. 1, 2012.