Wells Fargo Expects to Raise Dividend in 3Q to 35 Cents a Share
June 30 2023 - 5:16PM
Dow Jones News
By Stephen Nakrosis
Wells Fargo on Friday said it expects to pay a third-quarter
dividend of 35 cents a share, up from the prior dividend of 30
cents, following the completion of the 2023 Comprehensive Capital
Analysis and Review stress-test process.
The company also said it was expecting its stress capital buffer
to decrease to 2.9%.
Wells Fargo also said during the period from the third quarter
of 2023 through the second quarter of 2024, it has capacity to
repurchase common stock, which the company will routinely
assess.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 30, 2023 17:01 ET (21:01 GMT)
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