Washington Trust boosts dividend

Washington Trust Bancorp Inc. announced Friday a one-cent boost in its quarterly dividend.

The Westerly-based holding company of The Washington Trust bank said the dividend is increasing to 25 cents a share for the quarter ending March 31. It is the third dividend increase in the past year and will be paid April 12 to shareholders of record April 1.

Washington Trust announced in January record earnings of $9 million in the fourth quarter and $35.1 million for the year.

Washington Trust stock trades on the Nasdaq exchange under the symbol WASH. The corporation's web site is www.washtrust.com.

- Lee Howard

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