Thursday Is Your Last Chance To Buy Washington Trust Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Washington Trust Bancorp (NASDAQ:WASH) has announced a quarterly dividend of 56 cents per share, with the ex-dividend date set for Friday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on January 12, 2024. The stock is expected to open 56 cents lower on the ex-dividend date to reflect the payout.
December 26, 2023 | 2:45 pm
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Washington Trust Bancorp is set to pay a quarterly dividend of 56 cents per share, with shares expected to open lower by an equivalent amount on the ex-dividend date.
The stock price of Washington Trust Bancorp is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is direct and highly relevant to current shareholders and potential investors considering the timing of their investment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100