• Washington Trust Bancorp, Inc.
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  • Washington Trust Announces Dividend Increase
    Company Release - 03/17/2005 12:48

    WESTERLY, R.I.--(BUSINESS WIRE)--March 17, 2005--The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: National Market; symbol: WASH), today declared a quarterly dividend of 18 cents per share for the quarter ending March 31, 2005. The dividend is payable April 15, 2005 to shareholders of record on March 31, 2005. This represents an increase from the previous quarterly dividend of 17 cents per share.

    John C. Warren, Chairman and Chief Executive Officer of Washington Trust, said, "This dividend declaration represents our thirteenth consecutive year of dividend increases. We are pleased that we are once again able to enhance the return for our shareholders."

    Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, the largest independent bank headquartered in Rhode Island. Founded in 1800, Washington Trust is a Rhode Island state-chartered bank offering a full range of financial services, including trust and investment management, through its offices in Rhode Island and southeastern Connecticut. Washington Trust Bancorp, Inc.'s common stock trades on The Nasdaq Stock Market(R) under the symbol WASH. Investor information is available on the Corporation's web site: www.washtrust.com.

    This report contains certain statements that may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Corporation's actual results, performance or achievements could differ materially from those projected in the forward-looking statements as a result, among other factors, of changes in general national or regional economic conditions, changes in interest rates, reductions in the market value of trust and investment assets under management, reductions in loan demand, reductions in deposit levels necessitating increased borrowing to fund loans and investments, changes in loan default and charge-off rates, changes in the size and nature of the Corporation's competition, changes in legislation or regulation and accounting principles, policies and guidelines and changes in the assumptions used in making such forward-looking statements.

        CONTACT: Washington Trust Bancorp, Inc.
                 Elizabeth B. Eckel, 401-348-1309
                 Senior Vice President, Marketing
        SOURCE: Washington Trust Bancorp, Inc.