Wells Fargo To Increase Q3 Dividend - Quick Facts
(RTTNews.com) - While reporting its second-quarter financial results today, Wells Fargo & Co. ( WFC ) said it received a non-objection to its 2018 Capital Plan submission from the Federal Reserve.
As part of this plan, the company expects to increase its third quarter 2018 common stock dividend to $0.43 per share from $0.39 per share, subject to approval by the company's board of directors.
The plan also includes up to $24.5 billion of gross common stock repurchases for the four-quarter period from third quarter 2018 through second quarter 2019.
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