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Wells Fargo & Company Announces Common Stock Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Wells Fargo (NYSE: WFC) announced a quarterly dividend of $0.20 per share, payable on Dec. 1, 2021, to stockholders of record on Nov. 5, 2021. This decision was approved by the board of directors. With around $1.9 trillion in assets, Wells Fargo serves one in three U.S. households and over 10% of small businesses in the country. The bank is recognized as a leader in middle market banking and offers a diversified range of financial services.
Positive
Quarterly dividend of $0.20 per share indicates financial stability.
Company maintains significant assets of $1.9 trillion.
Strong customer base with one in three U.S. households served.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Dec. 1, 2021, to stockholders of record on Nov. 5, 2021, as approved today by the Wells Fargo board of directors.
Facade of a Wells Fargo bank branch in Manhattan (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 the 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. 37 on Fortune’s 2021 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.
