Washington Trust declares quarterly dividend of 43 cents per share

Washington Trust declares quarterly dividend of 43 cents per share



WESTERLY — The board of directors of Washington Trust Bancorp Inc. has declared a quarterly dividend of 43 cents per share for the quarter ending Sept. 30. The dividend will be paid Oct. 12 to shareholders of record on Oct. 1. The corporation is the parent of The Washington Trust Company, which had $4.7 billion in assets as of June 30.

The company had a market capitalization of $984 million as of the end of trading on Thursday, and about 17.2 million outstanding shares.

Regulatory filings show that the company, which trades on the Nasdaq exchange (WASH), has fewer than 1,700 shareholders. Its proxy statement this year reported that its directors and officers held 2.3 percent of the shares.

The major holders of the stock, nearly 17 percent combined, were Jean M. Wallace of Greenwich, Conn., and the Jean and David W. Wallace Foundation. BlackRock Inc., a publicly owned investment firm based in New York, was the next biggest stockholder, at 6.1 percent.

blauxbachand@thewesterlysun.com

 


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