Washington Trust Bancorp (Washington Trust Bancorp) Dividend Payout Ratio : 0.74 (As of Dec. 2023)

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What is Washington Trust Bancorp Dividend Payout Ratio?

Washington Trust Bancorp's dividend payout ratio for the months ended in Dec. 2023 was 0.74.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Washington Trust Bancorp Inc is 0.80, which seems too high.

The historical rank and industry rank for Washington Trust Bancorp's Dividend Payout Ratio or its related term are showing as below:

WASH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.52 Max: 0.8
Current: 0.8

During the past 13 years, the highest Dividend Payout Ratio of Washington Trust Bancorp was 0.80. The lowest was 0.45. And the median was 0.52.

WASH's Dividend Payout Ratio is ranked worse than
91.47% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs WASH: 0.80

As of today (2024-04-25), the Dividend Yield % of Washington Trust Bancorp is 8.46%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Washington Trust Bancorp was 10.28%. The lowest was 2.48%. And the median was 3.56%.

Washington Trust Bancorp's Dividends per Share for the months ended in Dec. 2023 was $0.56.

During the past 12 months, Washington Trust Bancorp's average Dividends Per Share Growth Rate was 2.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Washington Trust Bancorp was 21.70% per year. The lowest was -12.60% per year. And the median was 8.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Washington Trust Bancorp Dividend Payout Ratio Historical Data

The historical data trend for Washington Trust Bancorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Washington Trust Bancorp Dividend Payout Ratio Chart

Washington Trust Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.51

0.50

0.45

0.53

0.79

Washington Trust Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.59	0.76	0.85	0.86	0.74

Competitive Comparison of Washington Trust Bancorp's Dividend Payout Ratio

For the Banks - Regional subindustry, Washington Trust Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Washington Trust Bancorp's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Washington Trust Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Washington Trust Bancorp's Dividend Payout Ratio falls into.

Washington Trust Bancorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Washington Trust Bancorp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.24	/	2.82
	=	0.79

Washington Trust Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.56	/	0.76
	=	0.74

Washington Trust Bancorp (NAS:WASH) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Washington Trust Bancorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Washington Trust Bancorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Washington Trust Bancorp (Washington Trust Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Washington Trust Bancorp Inc (NAS:WASH) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

WT1:Germany

Address

23 Broad Street, Westerly, RI, USA, 02891

Website

https://www.washtrust.com

Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates. The bank generates a majority of its revenue from the Commercial Banking segment.

Executives

Mary E. Noons	officer: SVP Retail Lending	37 WATCH HILL WAY, WAKEFIELD RI 02879
Rolando A Lora	officer: EVP and Chief Retail Lend Off	140 STOW RD., HARVARD MA 01451
Howes Constance A	director	253 FREEMAN PARKWAY, PROVIDENCE RI 02906
Edwin J Santos	director	234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874
Kristen L Disanto	officer: EVP Human Resources	23 BROAD STREET, WESTERLY RI 02891
Ronald S. Ohsberg	officer: EVP and Treasurer	33 BELLE ISLE WAY, CRANSTON RI 02921
Dennis L Algiere	officer: SVP Compliance & Comm Affairs
Jabbie Alimamy Dauda Jr.	director	16 TECUMSEH STREET, PROVIDENCE RI 02906
Joseph P. Gencarella	director	11 BLUEBILL AVE., APT. 604, NAPLES FL 34108
James M Hagerty	officer: EVP & Chief Lending Officer	180 NATICK AVENUE, WARWICK RI 02886
Joseph J Marcaurele	director, officer: Chairman and CEO	23 BROAD STREET, WESTERLY RI 02891
Lisa M. Stanton	director	17064 CROSSGATE DRIVE, JUPITER FL 33477
Wray William K. Sr.	officer: SVP Risk Management	71 CHURCH STREET, EAST GREENWICH RI 02818
Sandra Parrillo	director	3 ROBIN WAY, NORTH SMITHFIELD RI 02896
Katherine W Hoxsie	director