06-30-2020, 02:28 AM
"(Bloomberg) -- Wells Fargo & Co. plans to cut its dividend, breaking with all of the biggest Wall Street banks, after the Federal Reserve last week set new restrictions on the payouts.
Wells Fargo said it would announce on July 14 how far the current 51-cent payout would drop. It’s expected to decline to 20 cents, according to an analysis by Bloomberg’s Dividend Forecast team."
Wells Fargo said it would announce on July 14 how far the current 51-cent payout would drop. It’s expected to decline to 20 cents, according to an analysis by Bloomberg’s Dividend Forecast team."