Wells Fargo Announces Third Quarter Common Stock Dividend Increase

Wells Fargo has announced an increase in its third quarter common stock dividend. The company's Board of Directors declared a quarterly cash dividend of $0.51 per share, up from the previous dividend of $0.45 per share.

This dividend increase reflects the bank's commitment to returning value to its shareholders. The dividend will be paid on September 24, 2023, to shareholders of record as of September 15, 2023.

The dividend increase is a positive sign for investors, indicating the bank's financial health and stability. It also reflects the company's confidence in its future prospects.

Wells Fargo & Company has announced a 14% increase in its quarterly common stock dividend to $0.40 per share, a significant boost from the previous quarter.

This increase represents a $0.05 per share increase, which is a notable rise in shareholder rewards. The dividend will be payable on September 1, 2024, to stockholders of record on August 9, 2024.

Wells Fargo's commitment to shareholder returns is impressive, with 54 consecutive years of maintaining dividend payments. This dedication to rewarding shareholders is a testament to the company's financial stability and growth.

The company's market capitalization stands at $202.5 billion, and its P/E ratio is 12.11, indicating a relatively low price-to-earnings ratio compared to its near-term earnings growth potential.

Wells Fargo's dividend yield as of May 2024 is 2.37%, with a notable dividend growth of 16.67% over the last twelve months leading up to Q2 2024.

Here are some key facts about Wells Fargo's common stock dividend increase: