Wells Fargo & Company Announces Common Stock Dividend

Rhea-AI Summary

Wells Fargo & Company (NYSE: WFC) announced a quarterly dividend of $0.10 per share, set to be paid on Dec. 1, 2020, for stockholders on record by Nov. 6, 2020. This decision was approved by the Wells Fargo board. The company has approximately 4.1 billion shares outstanding and manages $1.92 trillion in assets, highlighting its status as a major player in the financial services sector. Founded in 1852 and based in San Francisco, Wells Fargo serves a wide range of banking and investment needs.

Positive

• Quarterly dividend of $0.10 per share enhances shareholder income.
• Strong asset base of $1.92 trillion indicates financial stability.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.10 per share, payable Dec. 1, 2020, to stockholders of record on Nov. 6, 2020, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 4.1 billion shares outstanding.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations.