January 22, 2019

Wells Fargo & Company Increases Quarterly Dividend $WFC



  • Wells Fargo (NYSE:WFC) declares $0.45/share quarterly dividend, 4.7% increase from prior dividend of $0.43.
  • Forward yield 3.6%
  • Payable March 1; for shareholders of record Feb. 1; ex-div Jan. 31.



Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.45 per share, payable March 1, 2019 to stockholders of record on Feb. 1, 2019, as approved today by the Wells Fargo board of directors. The first-quarter dividend represents an increase of $0.02 per share, or 5 percent, from the prior quarter. The dividend increase is part of the company’s 2018 Capital Plan, which received a non-objection from the Federal Reserve in June 2018. Wells Fargo has approximately 4.6 billion shares outstanding.


For more information, visit www.newsroom.wf.com


According to the list of U.S. Dividend Champions, Wells Fargo & Company is a Dividend Challengers. Con Edison has an 8-year dividend raising streak.

Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
1.7
4.5
11.8
2.7






Dividend Yield Chart:



Wells Fargo & Co stock dividend yield is close to 5-year high.

Payout Ratio:



This is the historical payout ratio of Wells Fargo & Co. If payout ratio is close to or higher than 100%, dividends might not be sustainable.


No comments:

Post a Comment