01-22-2019, 01:58 PM
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.45 per share, payable March 1, 2019 to stockholders of record on Feb. 1, 2019, as approved today by the Wells Fargo board of directors. The first-quarter dividend represents an increase of $0.02 per share, or 5 percent, from the prior quarter. The dividend increase is part of the company’s 2018 Capital Plan, which received a non-objection from the Federal Reserve in June 2018. Wells Fargo has approximately 4.6 billion shares outstanding.