Squeeky Wheel
Growth, event-driven, currencies, macro

Washington Trust: Excellent Last Year, Dividends Ahead

Washington Trust (NASDAQ:WASH) has been paying dividends for over 100 years (who counts after that?). The dividend has been increasing steadily for twenty. The bank survived the financial crisis of 2008, the Great Depression in the 30s and the innumerable panics of the nineteenth century. Washington Trust got through the recent crisis comparatively well due to "boring banking" - no trading, no sub-prime. Traditional banking along with a profitable wealth management business has put Washington Trust in a strong position to continue the long history of dividends to shareholders.

I gave an outlook on Washington Trust a year ago and returns since then have been quite good, driven largely by price and partly by dividends. Dividends have increased...

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