Wells Fargo & Company (WFC) to Distribute Quarterly Dividend of $0.50 on December 1st

Wells Fargo & Company (NYSE:WFC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.50 per share by the financial services provider on Tuesday, December 1st. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 6th.

Wells Fargo & Company has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Wells Fargo & Company has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wells Fargo & Company to earn $8.04 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.9%.

Wells Fargo & Company Stock Down 0.5%

Wells Fargo & Company stock opened at $85.50 on Wednesday. The stock’s 50 day moving average price is $84.38 and its 200 day moving average price is $83.64. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a market cap of $256.66 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.89 and a quick ratio of 0.89.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The company had revenue of $21.87 billion during the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Company had a return on equity of 14.05% and a net margin of 17.64%. Wells Fargo & Company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. On average, sell-side analysts predict that Wells Fargo & Company will post 7.27 EPS for the current fiscal year.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.