Wells Fargo & Company Increases Common Stock Dividend

Rhea-AI Summary

Wells Fargo (NYSE: WFC) has announced a quarterly common stock dividend of $0.30 per share, reflecting an increase of $0.05 from the previous quarter. The dividend is payable on September 1, 2022, to stockholders of record as of August 5, 2022. This announcement highlights the company’s commitment to returning value to shareholders amidst its operations as a leading financial services provider with approximately $1.9 trillion in assets.

Positive

• Quarterly dividend raised by $0.05 to $0.30 per share.
• 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 Sept. 1, 2022, to stockholders of record on Aug. 5, 2022, as approved today by the Wells Fargo board of directors. The third quarter dividend represents an increase of $0.05 per share from the prior quarter.

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

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/20220726005641/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 new dividend amount for Wells Fargo (WFC)?

Wells Fargo (WFC) has set a new quarterly dividend of $0.30 per share.

When is the dividend payment date for Wells Fargo (WFC)?

The dividend payment date for Wells Fargo (WFC) is September 1, 2022.

Who is eligible to receive the Wells Fargo (WFC) dividend?

Stockholders of record as of August 5, 2022, are eligible to receive the dividend.

How does the new dividend compare to previous dividends of Wells Fargo (WFC)?

The new dividend of $0.30 per share represents an increase of $0.05 from the previous quarter.