Wells Fargo Ex-Dividend Date Approaches: US$0.40 Dividend Payable on June 1

Wells Fargo & Company is set to go ex-dividend on May 9, with a payment of $0.40 per share on June 1. The company's trailing yield is 2.2%, and it has a dividend payout ratio of 28%. The company has a steady earnings per share growth of 7.1% over the last five years and a historical dividend growth of 1.3% per year over the last ten years.

Wells Fargo & Company (NYSE: WFC) has announced a quarterly dividend of $0.40 per share, set to be distributed on June 1, 2025, to shareholders on record as of May 9, 2025. This represents an annualized dividend of $1.60 per share and a dividend yield of 2.28% [1]. The company's dividend payout ratio stands at 28%, indicating a robust financial position.

The dividend announcement comes on the heels of Wells Fargo's recent earnings report, where the company reported a 16% increase in diluted earnings per share from a year ago, driven by growth in fee-based revenue across various business segments [2]. Over the last five years, Wells Fargo has maintained a steady earnings per share growth rate of 7.1%, and its historical dividend growth rate has been 1.3% per year over the last ten years.

In addition to the dividend announcement, Wells Fargo has also authorized a new stock buyback initiative, allowing for the repurchase of up to $40 billion once the ongoing buyback plan concludes. This strategic move is part of the company's internal capital assessment framework, which considers market conditions, regulatory requirements, and associated risks [2]. The company's CEO, Charlie Scharf, emphasized the company's commitment to returning value to shareholders and fostering organic growth.

Wall Street analysts have forecasted an average target price of $77.54 for Wells Fargo, with a high estimate of $90.00 and a low estimate of $58.92. The consensus recommendation from 24 brokerage firms is currently "Outperform," indicating a positive outlook for the company's stock [2].

References:
[1] https://www.marketbeat.com/instant-alerts/wells-fargo-company-nysewfc-announces-quarterly-dividend-of-040-2025-04-29/
[2] https://www.gurufocus.com/news/2812353/wells-fargo-wfc-declares-dividend-and-announces-major-buyback-plan-wfc-stock-news