Seeking Alpha

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

  • 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%).
  • Shares +0.4% AH
  • Press release
  • Full CCAR results
  • Previous coverage
Comments (4)
  • Dr Joseph Haluska
    , contributor
    Comments (286) | Send Message
     
    Whoa! Is that a $17B buyback? I'll bet Warren is happy!
    Is there such a thing as a "passive activist"? lol!
    26 Mar, 11:55 PM Reply Like
  • tsa_geo
    , contributor
    Comments (7) | Send Message
     
    I don't see how the previous buybakcs of WFC have helped investors. I see more or less the shares outstanding remain the same....
    28 Mar, 04:58 AM Reply Like
  • Dr Joseph Haluska
    , contributor
    Comments (286) | Send Message
     
    the stock is up 115% in the last 2 1/2 years, and paying a 2.5% div. that helps.
    28 Mar, 05:32 AM Reply Like
  • Dr Joseph Haluska
    , contributor
    Comments (286) | Send Message
     
    I almost forgot...
    BAC is next!
    (and did you see AXP?)
    27 Mar, 12:11 AM Reply Like
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