Washington Banking Increases Quarterly Dividend by 17% to $0.14

Washington Banking Company WBCO announced today that the Board of Directors declared a quarterly cash dividend of $0.14 per common share to shareholders of record on May 7th and payable on May 21, 2012. This is a 17% increase from the first quarter payout of $0.12 per share when the company paid a quarterly dividend of $0.06 and a special dividend of $0.06.