WASH

Dividend yield of Washington Trust Bancorp, Inc.

2.82%
Dividend yield represents the ratio between dividends paid out to shareholders per share and the market price per share over a trailing year.

The dividend yield or dividend-price ratio of a share is the dividend per share, divided by the price per share. It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant, and is often expressed as a percentage. The reciprocal of the dividend yield is the price-dividend ratio.

A higher dividend yield has been considered to be desirable among many investors. A high dividend yield can be considered to be evidence that a stock is underpriced or that the company has fallen on hard times and future dividends will not be as high as previous ones. Similarly a low dividend yield can be considered evidence that the stock is overpriced or that future dividends might be higher. Some investors may find a higher dividend yield attractive, for instance as an aid to marketing a fund to retail investors, or maybe because they cannot get their hands on the capital, which may be tied up in a trust arrangement. In contrast some investors may find a higher dividend yield unattractive, perhaps because it increases their tax bill.

Dividend yield of companies in the Finance sector on NASDAQ compared to Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc. logo

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company that offers various banking and financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing checking, noninterest-bearing checking, savings, money market, and retirement deposit accounts; and certificates of deposit, as well as debit card, ATM, telephone banking, Internet banking, mobile banking, remote deposit capture, and cash management services. This segment also provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages, and construction and development loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, including services as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services, such as custody and fiduciary services. This segment serves personal and institutional clients, and mutual funds. The company also operates as a licensed broker-dealer that markets investment programs, including mutual funds and variable annuities. As of December 31, 2016, it had 10 branch offices located in southern Rhode Island; 10 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. The company was founded in 1800 and is headquartered in Westerly, Rhode Island.

  • Washington Trust Bancorp, Inc., 23 Broad Street, Westerly 02891, United States
  • washtrust.com
  • 401-348-1200