Washington Trust hits 52-week high

WESTERLY – Washington Trust Bancorp Inc. hit a 52-week high last week after opening at $40.46 and closing at $40.67 for a gain of 1.09 percent.
Washington Trust is a publicly owned holding company of the Washington Trust Co., Rhode Island’s largest state-chartered commercial bank. The 52-week high recorded last Monday marked a strong end-of-the-year run for the company. The milestone day ended with a volume of 16,350 shares.
Beginning Dec. 30, Washington Trust Bancorp began trading ex-dividend. A cash dividend payment of 32 cents per share is slated to be paid out to shareholders on Jan. 14, representing an 18.52 percent increase over the same period the year prior, according to NASDAQ.
The dividend yield was 3.18 percent.
Washington Trust Chief Financial Officer David Devault told PBN last month that the company has consistently paid quarterly dividends for decades. The company has increased the total annual dividend payout in 21 of the past 22 years, “which has been a good story for our shareholders,” Devault said.

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