Wells Fargo & Company Announces Common Stock Dividend

Rhea-AI Summary

Wells Fargo (NYSE: WFC) has declared a quarterly dividend of $0.30 per share, set for payment on June 1, 2023. The record date for shareholders is May 5, 2023.

This dividend reflects the company's ongoing commitment to return value to its shareholders amidst its substantial asset base of approximately $1.9 trillion. Notably, Wells Fargo serves one in three U.S. households and more than 10% of small businesses in the country, maintaining a strong market position. The company’s diversified financial services span banking, investment, mortgage, and commercial finance.

Positive

• Quarterly dividend of $0.30 per share reflects strong financial health.
• Wells Fargo has total assets of approximately $1.9 trillion, indicating robust stability.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.30 per share, payable June 1, 2023, to stockholders of record on May 5, 2023.

Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006034/en/

Media

Beth Richek, 704-374-2545

beth.richek@wellsfargo.com

Investor Relations

John Campbell, 415-396-0523

john.m.campbell@wellsfargo.com

Source: Wells Fargo & Company

FAQ

What is the Wells Fargo dividend amount for June 2023?

The dividend amount is $0.30 per share.

When will the Wells Fargo dividend be paid?

The dividend will be paid on June 1, 2023.

What is the record date for the Wells Fargo dividend payment?

The record date is May 5, 2023.

How does the Wells Fargo dividend support its shareholders?

The dividend demonstrates Wells Fargo's commitment to returning value to its shareholders.