Wells Fargo & Co (WFC) will raise its quarterly dividend by another 13.3 percent to $0.51 per share in 2019. Earlier this year the dividend was already hiked by four cents to 43 cents per share quarterly.

The increased dividend will be payable September 1, 2019 to stockholders of record on August 9, 2019. A new annualized dividend rate of $2.04 per share yields 4.3% at a stock price of $47.43.

Wells Fargo & Company is a financial services company. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through thousands of  office locations, ATMs, the internet (wellsfargo.com) and mobile banking.