Wells Fargo Boosts Dividend to 45 Cents
January 22 2019 - 2:17PM
Dow Jones News
By Michael Dabaie
Wells Fargo & Co. (WFC) said Tuesday it increased its
quarterly dividend by 5%.
The San Francisco-based bank said it would pay a dividend of 45
cents per share, a 2-cent per share increase from the prior
quarter.
The dividend increase is part of the company's 2018 capital
plan, which received a non-objection from the Federal Reserve in
June. Wells Fargo said it has approximately 4.6 billion shares
outstanding.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 22, 2019 14:02 ET (19:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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