Wells Fargo & Company Increases Common Stock Dividend

Rhea-AI Summary

Wells Fargo (NYSE: WFC) declared a quarterly dividend of $0.20 per share, payable on September 1, 2021, to stockholders of record on August 6, 2021. This marks a 10 cent increase from the previous quarter. The company boasts approximately $1.9 trillion in assets and serves one in three U.S. households, making it a key player in financial services. Wells Fargo aims to support sustainable and inclusive growth through various initiatives.

Positive

• Quarterly dividend increase of $0.10 per share boosts shareholder income.
• Company manages approximately $1.9 trillion in assets, indicating strong financial position.
• Serves one in three U.S. households and over 10% of small businesses, showcasing extensive market reach.

Negative

• None.

Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Sept. 1, 2021, to stockholders of record on Aug. 6, 2021, as approved today by the Wells Fargo board of directors. The third quarter dividend represents an increase of $0.10 per share from the prior quarter.

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.

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/20210727006127/en/

FAQ

What is the new dividend amount for WFC announced in the press release?

The new dividend amount for Wells Fargo (WFC) is $0.20 per share.

When will the dividend for Wells Fargo be paid?

The dividend for Wells Fargo will be paid on September 1, 2021.

What is the record date for the Wells Fargo dividend?

The record date for the Wells Fargo dividend is August 6, 2021.

How does the new dividend compare to the previous quarter?

The new dividend of $0.20 per share is an increase of $0.10 from the previous quarter.