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
The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent. Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage...
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.