Exceeding Expectations: Washington Trust Bancorp Achieves Strong Performance and Rewards Investors
Portfolio Pulse from Benzinga Insights
Washington Trust Bancorp (NASDAQ:WASH) is set to distribute a dividend payout of $0.56 per share, resulting in an annualized dividend yield of 7.99%. This payout is for investors who held the stock before the ex-dividend date on June 30, 2023. The company has shown a steady increase in dividend per share and earnings per share from 2019 to 2022. It surpasses Central Pacific Financial (NYSE:CPF) with an annualized dividend yield of 6.44%.
July 13, 2023 | 3:05 pm
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NEGATIVE IMPACT
Central Pacific Financial's annualized dividend yield of 6.44% is surpassed by Washington Trust Bancorp.
The news that Central Pacific Financial's dividend yield is lower than that of Washington Trust Bancorp could potentially make the stock less attractive to income-seeking investors, potentially driving the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Washington Trust Bancorp is set to distribute a dividend payout of $0.56 per share, with an annualized yield of 7.99%. The company's financial health is strong, with a steady increase in dividend per share and earnings per share from 2019 to 2022.
The news of the dividend payout and the company's strong financial health is likely to attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100