Wells Fargo & Company Announces Common Stock Dividend

Rhea-AI Summary

Wells Fargo (NYSE: WFC) has declared a quarterly common stock dividend of $0.25 per share, set to be paid on June 1, 2022, to stockholders of record on May 6, 2022. This decision was approved by the company's board of directors. Wells Fargo is a major financial services provider in the U.S., with approximately $1.9 trillion in assets, serving one in three U.S. households and over 10% of small businesses.

Positive

• Quarterly dividend of $0.25 per share is beneficial for shareholders.
• Demonstrates strong cash position and board confidence in financial stability.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.25 per share, payable June 1, 2022, to stockholders of record on May 6, 2022, as approved today by the Wells Fargo board of directors.

Wells Fargo (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. 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.

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/20220425005997/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 2022?

Wells Fargo declared a dividend of $0.25 per share for June 2022.

When will Wells Fargo's dividend be paid?

The dividend will be paid on June 1, 2022.

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

The record date for the dividend is May 6, 2022.

How does the dividend affect Wells Fargo shareholders?

The dividend provides consistent income for shareholders and reflects the company's financial strength.