Wells Fargo & Company (NYSE:WFC) Announces $0.45 Quarterly Dividend

Wells Fargo & Company (NYSE:WFC) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.45 per share by the financial services provider on Sunday, March 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 6th.

Wells Fargo & Company has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Wells Fargo & Company has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wells Fargo & Company to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.2%.

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock traded down $0.44 during midday trading on Wednesday, hitting $88.27. 2,192,093 shares of the company’s stock were exchanged, compared to its average volume of 16,390,742. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $277.08 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The firm’s 50 day simple moving average is $90.52 and its 200 day simple moving average is $85.10.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 earnings per share. Equities research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

About Wells Fargo & Company

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.