Wells Fargo & Company Announces Common Stock Dividend

Rhea-AI Summary

Wells Fargo announced a quarterly dividend of $0.30 per share, payable on March 1, 2023, to stockholders of record on February 3, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders. With approximately $1.9 trillion in assets, Wells Fargo serves a significant portion of U.S. households and small businesses. The company, ranked No. 41 on Fortune’s 2022 list of America’s largest corporations, emphasizes its focus on sustainable practices and social impact, including housing affordability and small business support.

Positive

• Quarterly dividend of $0.30 per share indicates strong financial health.
• Reflects commitment to returning value to shareholders.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.30 per share, payable March 1, 2023, to stockholders of record on Feb. 3, 2023, as approved today by the Wells Fargo board of directors.

Facade of a Wells Fargo bank branch (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/20230123005832/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 Wells Fargo's dividend for March 2023?

Wells Fargo announced a dividend of $0.30 per share for March 2023.

When will Wells Fargo's dividend be paid?

The dividend will be paid on March 1, 2023.

What is the record date for Wells Fargo's March 2023 dividend?

The record date for the dividend is February 3, 2023.

How often does Wells Fargo pay dividends?

Wells Fargo typically pays dividends on a quarterly basis.