logo
Share SHARE
FONT-SIZE Plus   Neg

Wells Fargo Lifts Dividend After Federal Reserve Stress Test

Wells Fargo & Co. (WFC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT