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I'd like and recommend Wells Fargo to be cautious though by announcing a small dividend increase (say 32 cents/quarter) and retain enough dough to pick up regional banks on the cheap a la JPMorgan ...
Not only did Wells Fargo increase the dividend by nearly 17% but also announced a massive $30 billion buyback program, as Seeking Alpha has reported here. I recently covered JPMorgan Chase & Co.'s ...
To get to a 25% dividend payout ratio, that means Wells Fargo would need to increase its quarterly dividend from $0.10 per share to $0.25 per share, or a $1 annual dividend.
With the Federal Reserve giving major financial institutions high marks in its annual stress tests, several large banks ...
Wells Fargo & Co. said late Monday it expects to increase its third quarter dividend to 30 cents a share, from 25 cents a share, subject to approval by the company's board at its July meeting.
Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of New York Mellon Corp. top the list of 20 banks expected to boost their dividends in the coming quarter as capital deployments by the largest U.S ...
Wells Fargo& Company today announced a quarterly common stock dividend of $0.25 per share, payable March 1, 2022, to stockholders of record on Feb. 4, 2022, as approved today by the Wells Fargo ...
Right now WFC stock trades for 1.39 times its TBVPS (i.e., $48.65 divided by $34.95.) With the buybacks and higher dividends, I believe that Wells Fargo shares will have a 1.5 price-to-TBVPS multiple.
At this rate, in other words, Wells Fargo could comfortably double its dividend payout and still continue to grow its equity base. At the end of the day, of course, nothing is guaranteed.
Since then, Wells Fargo's dividend behavior has been mixed. From 2015 to 2017, the bank made only minimal increases, responding to the negative attention it was getting as a result of ...
Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.51 per share, payable Sept. 1, 2019 to stockholders of r ...