Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?
TBBKThe Bancorp(TBBK) seekingalpha.com·2024-05-26 19:23
Nodar Chernishev The banking sector has recovered overall after the early 2023 meltdown, but there are still some banks in clear trouble. Washington Trust (NASDAQ:WASH) is certainly among them; in fact, the stock is far from SVB's pre-bankruptcy levels. The current dividend yield is well above 8%, and dividend-hunting investors are wondering whether this is a good opportunity or not. After all, this bank has demonstrated a good track record in terms of dividend issuance over the past decades. In my opin ...