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Stock impact report

Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56 [Yahoo! Finance]

Washington Trust Bancorp, Inc. (WASH) 
Last washington trust bancorp, inc. earnings: 4/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
This makes the dividend yield 7.3%, which will augment investor returns quite nicely. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Washington Trust Bancorp has a long history of paying out dividends, with its current track record at a minimum of 10 years. But while this history shows that the company was able to sustain its dividend for a decent period of time, its most recent earnings report shows that the company did not make enough earnings to cover its dividend payout. This is an alarming sign for the sustainability of its dividends, as it may mean that Washington Trust Bancorpis pulling cash from elsewhere to keep its shareholders happy. According to analysts, EPS should be several times higher in the next 3 years. In addtion, they also estimate the future payout ratio could reach 68% in the same time Show less Read more
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