Wells Fargo & Company (WFC) will raise its quarterly dividend by 20 percent to $0.30 per share in the second quarter of 2013, marking the second dividend increase this year.

Wells Fargo & Company is a diversified financial services company.  It provides retail, commercial and corporate banking services through banking locations and offices. Its subsidiaries are engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.