Wells Fargo & Company Announces Increased Dividend
April 26 2016 - 2:16PM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced a
quarterly common stock dividend of $0.38 per share, an increase of
a half-penny or 1 percent, per share from the prior quarter. The
dividend is payable June 1, 2016, to stockholders of record on May
6, 2016, as approved today by the Wells Fargo board of directors.
Wells Fargo has approximately 5.1 billion shares outstanding.
This dividend increase for the second quarter of 2016 was part
of the company’s 2015 Capital Plan. The Federal Reserve advised
Wells Fargo in March 2015 that it had no objection to its 2015
Capital Plan which covers the quarters through the end of June 30,
2016. Wells Fargo submitted its 2016 Capital Plan on April 4, 2016,
and it is currently under review by the Federal Reserve.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.8 trillion
in assets. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through 8,800 locations, 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 36 countries to support customers who conduct business
in the global economy. With approximately 269,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 30 on Fortune’s 2015
rankings of America’s largest corporations. Wells Fargo’s vision is
to satisfy our customers’ financial needs and help them succeed
financially.
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Wells Fargo & CompanyAncel Martinez, 415-222-3858 (Media)Jim
Rowe, 415-396-8216 (Investors)
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