{"id":772471,"date":"2023-07-25T21:50:15","date_gmt":"2023-07-26T01:50:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-company-increases-common-stock-dividend-and-announces-new-30-billion-common-stock-repurchase-program\/"},"modified":"2023-07-25T21:50:15","modified_gmt":"2023-07-26T01:50:15","slug":"wells-fargo-company-increases-common-stock-dividend-and-announces-new-30-billion-common-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-company-increases-common-stock-dividend-and-announces-new-30-billion-common-stock-repurchase-program\/","title":{"rendered":"Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program<\/b><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nWells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an increase of $0.05 per share from the prior quarter.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230725290500\/en\/<\/a><\/p>\n

\"Wells<\/p>\n

Wells Fargo (Photo: Wells Fargo)<\/p>\n<\/div>\n

\nThe Wells Fargo board of directors also authorized a new common stock repurchase program of up to $30 billion. The program will be executed consistent with the company\u2019s internal capital adequacy framework that considers current market conditions, potential changes to regulatory capital requirements, and other risk factors.<\/p>\n

\n\u201cOur first priority remains investing in our risk and control infrastructure, but we are also investing in providing updated capabilities to our customers and supporting our employees and communities,\u201d said CEO Charlie Scharf. \u201cEven with these significant investments, our capital levels are strong and we expect them to remain so, allowing us to return excess capital to our shareholders.\u201d<\/p>\n

About Wells Fargo<\/b><\/p>\n

\nWells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune\u2019s 2023 rankings of America\u2019s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories<\/a>.<\/p>\n

\nAdditional information may be found at www.wellsfargo.com<\/a> | Twitter: @WellsFargo<\/a><\/p>\n

Cautionary Statement About Forward-Looking Statements<\/b><\/p>\n

\nThis news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the discussion under \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov<\/a>.<\/p>\n

News Release Category: <\/b>WF-CF<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230725290500\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
Beth Richek, 704-374-2545
\n
beth.richek@wellsfargo.com<\/a><\/p>\n

Investor Relations
\n<\/b>
John Campbell, 415-396-0523
\n
john.m.campbell@wellsfargo.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Small Business Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Wells Fargo (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program SAN FRANCISCO–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230725290500\/en\/ Wells Fargo (Photo: Wells Fargo) The Wells Fargo board of directors also authorized a new common stock repurchase program of up to $30 billion. The program will be executed consistent with the company\u2019s internal capital adequacy framework that considers current … <\/p>\n

Continue reading “Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772471","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-company-increases-common-stock-dividend-and-announces-new-30-billion-common-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program SAN FRANCISCO–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230725290500\/en\/ Wells Fargo (Photo: Wells Fargo) The Wells Fargo board of directors also authorized a new common stock repurchase program of up to $30 billion. 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