Wells Fargo Increases Dividend, Authorizes New $30 Billion Share Buyback Plan
July 25 2023 - 5:29PM
Dow Jones News
By Stephen Nakrosis
Wells Fargo & Co.'s board approved an increase to the
company's quarterly common stock dividend and authorized a new
share buyback program.
The new dividend of 35 cents per share will be payable on Sept.
1 to shareholders of record of Aug. 4, the company said. Last
month, following the completion of the Federal Reserve's stress
test process, the company said it expected to raise its quarterly
stock dividend to 35 cents per share from 30 cents.
The board also authorized a new common stock repurchase program
for up to $30 billion, Wells Fargo said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 25, 2023 17:14 ET (21:14 GMT)
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