Wells Fargo Raises Dividend 20%

Last month, the Federal Reserve approved a 30-cent dividend for Wells Fargo ($WFC). The bank just announced that it’s raising its dividend from 25 cents to 30 cents per share.

This is the second dividend hike this year. In January, WFC raised their dividend from 22 cents to 25 cents per share. Going by yesterday’s close and the new dividend, the stock yields 3.23%.

Posted by on April 24th, 2013 at 10:06 am


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