Wells Fargo & Company Announces Dividend and Increased Common Stock Repurchase Authority
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE:WFC) today announced a quarterly common stock dividend of $0.22 per share. The dividend is payable December 1, 2012, to stockholders of record on November 9, 2012. Wells Fargo (WFC) has approximately 5.3 billion shares outstanding. The Wells Fargo board of directors also increased the companys authority to repurchase common stock by an additional 200 million shares.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the banks customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortunes 2012 rankings of Americas largest corporations. Wells Fargos vision is to satisfy all our customers financial needs and help them succeed financially.
Wells Fargo & Company
Ancel Martinez, 415-222-3858 (Media)
Jim Rowe, 415-396-8216 (Investors)
Source: Wells Fargo & CompanyCopyright Business Wire 2012