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I'd like and recommend Wells Fargo to be cautious though by announcing a small dividend increase (say 32 cents/quarter) and retain enough dough to pick up regional banks on the cheap a la JPMorgan ...
In my previous coverage on Wells Fargo & Company (NYSE:WFC), I predicted that the company will announce a dividend increase after the then-upcoming stress test.And boy did the company deliver. Not ...
Wells Fargo& Company today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023.
Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of New York Mellon Corp. top the list of 20 banks expected to boost their dividends in the coming quarter as capital deployments by the largest U.S ...
Wells Fargo & Co. said late Monday it expects to increase its third quarter dividend to 30 cents a share, from 25 cents a share, subject to approval by the company's board at its July meeting.
Right now WFC stock trades for 1.39 times its TBVPS (i.e., $48.65 divided by $34.95.) With the buybacks and higher dividends, I believe that Wells Fargo shares will have a 1.5 price-to-TBVPS multiple.
Since then, Wells Fargo's dividend behavior has been mixed. From 2015 to 2017, the bank made only minimal increases, responding to the negative attention it was getting as a result of ...
At this rate, in other words, Wells Fargo could comfortably double its dividend payout and still continue to grow its equity base. At the end of the day, of course, nothing is guaranteed.
Wells Fargo & Company (NYSE: ... 2022, as approved today by the Wells Fargo board of directors. The first quarter dividend represents an increase of $0.05 per share from the prior quarter.
Wells Fargo& Company today announced a quarterly common stock dividend of $0.25 per share, payable March 1, 2022, to stockholders of record on Feb. 4, 2022, as approved today by the Wells Fargo ...
Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.51 per share, payable Sept. 1, 2019 to stockholders of r ...