Wells Fargo boosts dividend 16.7%, sets 350M share buyback

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Given the green light by the Fed, Wells Fargo (WFC) increases its quarterly dividend by a nickel to $0.35 per share for an annualized yield of 2.9%. The 350M share buyback would retire about 6.6% of the float - a whopping amount compared to the other repurchase announcements (generally less than 3%).

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