Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Wells Fargo Lifts Dividend After Federal Reserve Stress Test

RELATED NEWS
Trade WFC now with 

Wells Fargo & Co. (WFC: Quote) Tuesday boosted its first quarter dividend by $0.10 per share after passing the Federal Reserve's stress test scenario.

Earlier this month, the bank had paid out $0.12 per share in first-quarter dividend, that was declared on January 24. The company will now pay another $0.10 per share on March 30 to stockholders as of March 26. This brings the total quarterly dividend to $0.22 per share.

The company also announced that the Federal Reserve did not object to its Capital Plan submitted in January 2012, or to the dividend rate increase and other capital actions included in the plan.

Click here to receive FREE breaking news email alerts for Wells Fargo & Co and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
While buying interest has remained somewhat subdued, stocks continue to see modest strength in mid-day trading on Wednesday. The Dow has pulled back off its new record intraday high but remains in positive territory. Republican Joni Ernst has moved into the lead in the potentially crucial Iowa Senate race, according to the results of a Quinnipiac University poll released on Wednesday. The poll found that 50 percent of likely Iowa voters would support Ernst if the election were held today, while 44 percent would vote for Democratic Rep. Bruce Braley. With a firming job market helping to unleash pent-up demand for new homes, the National Association of Home Builders released a report on Wednesday showing that U.S. homebuilder confidence jumped to its highest level in almost nine years in September.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.