SAN FRANCISCO, July 23, 2024--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Sept. 1, 2024, to ...

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.

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 & 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 ...

I am presenting a few reasons why I believe Wells Fargo will indeed announce a dividend increase over the next few months. Let us get into the details. They can afford it: Wells Fargo is expected ...

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.

To get to a 25% dividend payout ratio, that means Wells Fargo would need to increase its quarterly dividend from $0.10 per share to $0.25 per share, or a $1 annual dividend.

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 ...

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 ...