Wells Fargo & Company (WFC) To Go Ex-Dividend on May 8th

Wells Fargo & Company (NYSE:WFC) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.45 per share by the financial services provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 8th.

Wells Fargo & Company has raised its dividend 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 payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wells Fargo & Company to earn $7.75 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 23.2%.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $79.88 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a twelve month low of $71.89 and a twelve month high of $97.76. The stock has a 50 day moving average of $80.67 and a two-hundred day moving average of $86.16. The stock has a market cap of $244.45 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.93 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The company had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts forecast that Wells Fargo & Company will post 6.82 earnings per share 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.