Wells Fargo (WFC) increases dividend by 20% to $0.30 quarterly per share in Q3 of 2022 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Wells Fargo As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Wells Fargo As of October 10, 2023	WFC	$1.40	16.7%	50.0%	100.0%
Financial Services	3.5%	3	-4.0%	Quarter	N/A

Wells Fargo hikes dividend by 20%

Tuesday 26 July 2022

Wells Fargo & Company (WFC) today announced a quarterly common stock dividend of $0.30 per share, payable Sept. 1, 2022, to stockholders of record on Aug. 5, 2022, as approved today by the Wells Fargo board of directors. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. At a stock price of $43 the new annual dividend rate of $1.20 per share yields 2.8%.

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. The company has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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