Wells Fargo & Company (NYSE:WFC) Plans $0.45 Quarterly Dividend

Wells Fargo & Company (NYSE:WFC) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be given a dividend of 0.45 per share by the financial services provider on Sunday, March 1st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 6th.

Wells Fargo & Company has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Wells Fargo & Company has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Wells Fargo & Company to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.2%.

Wells Fargo & Company Price Performance

WFC traded down $0.44 during trading on Wednesday, hitting $88.27. The company’s stock had a trading volume of 2,192,093 shares, compared to its average volume of 16,390,742. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The firm has a market capitalization of $277.08 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.96 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05. The business’s fifty day simple moving average is $90.52 and its 200 day simple moving average is $85.10.

Wells Fargo & Company (NYSE:WFCGet Free Report) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $21.63 billion. During the same quarter last year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

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Wells Fargo & Company Company Profile

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Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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Dividend History for Wells Fargo & Company (NYSE:WFC)

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