We update our data on Wells Fargo every 24 hours, so you can always get … msn back to msn home news. Dividend Increase – Wells Fargo ( WFC ) Posted by More Dividends in Dividend Increases On June 29, 2017. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of -7.47% each year. WFC’s stock trades at 11.8x forward earnings estimates and has a dividend yield of 3.0%, which is significantly higher than its five-year average dividend yield of 2.4%. Wells Fargo announced a deep dividend cut when reporting Q2 2020 earnings. My colleague sees 2021 earnings around $3 a share. Dividend Summary. Published Wed, 20 Jun 2018 11:16:28 on Income Investors. History prior to November 1998 refers to the Norwest Corporation. The quarterly regular cash dividend on the common stocks was slashed by approximately 80% from $0.51 per share to $0.10 per share. This is the twenty-eighth consecutive annual increase in the Company's dividend. On July 24th, Wells Fargo announced a dividend increase of 10.3%. Financial flexibility: If a stock has a low dividend payout ratio but it is generating high levels of free cash flow, it obviously has room to increase its dividend. WFC announced today a proposal to increase the second quarter dividend by 16.7% from $0.30 to $0.35 per share. The cut will take place for Q3 2020. Wells Fargo & Company (WFC) will begin trading ex-dividend on February 04, 2021. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. This will increase their dividend per quarter from $0.39 to $0.43. The third month of each quarter is always my best because I have over half my taxable holdings in VTI. An 11% increase would put the dividend rate at $2.28 per share, an annual yield of 4.8%. The purchase provided a … In the FOMC minutes, Fed officials showed increased optimism ... What To Know Before Buying Wells Fargo & Company (NYSE: WFC ) For Its Dividend WFC Stock: Will Wells Fargo & Co Increase Its Dividend in 2018? For all these moves, WFC is trading at 11.3 times its 2021 earnings estimate of $2.17 a share. The previous Wells Fargo & Co. dividend was 10c and it went ex 27 days ago and it was paid 2 days ago. WFC's most recent quarterly dividend payment was made to shareholders of record on Monday, March 1. The bank said in a press release that it expects to announce the new dividend when it reports quarterly earnings on July 14. Understanding dividend yield and dividend payout ratio. Over the last 10 years, the dividend has climbed to $1.64. As such, the next dividend date prediction is presented for informational purposes only as a research tool. The company paid investors $0.49 per share a decade ago. Dividends per share have been restated for the corporation's two-for-one stock splits, effected in the form of a 100% stock dividend, distributed on August 11, … This would mark their fourth consecutive yearly increase since they dropped the dividend in 2009. The forward dividend is 0.4 at a share yield of 1.08%. But that doesn’t mean you should ignore banks altogether. And the most recent dividend increase, at over 13%, shows that things aren’t slowing down. I think this is everyone’s favorite dividend month of the year! Year over year retails sales increased 7.43% following an increase of 2.53%. The annual dividend yield was roughly 8% before the cut. Wells Fargo & Co Returning Cash to Investors With interest rates still low, savings accounts don’t really pay a whole lot. The next Wells Fargo & Co. dividend is expected to go ex in 2 months and to be paid in 3 months. The dividend yield is the ratio of a company’s annual dividend compared to its share price represented as a percentage. Dividend Increase Announcement. Wells Fargo & Co (WFC) will also likely return to dividend payments after Chief Financial Officer Howard Atkins, 59, said last month that an increase is a “top priority” for the bank. I decided to keep some of the WFC sale proceeds in the Financial sector by boosting my TCF holdings a bit. Through its subsidiaries, Co. provides banking, investment and mortgage products and services, as well as consumer and commercial finance. I received $525.97 in taxable December 2020 dividend income. The current dividend yield is only around 0.75%, down from a peak of about 4% before the … Wells Fargo – Deep Dividend Cut. Indeed, Wells Fargo has increased its dividend for nine consecutive years. Predicted Next Dividend Ex-Date For WFC: May 7th. Wells Fargo & Company (NYSE:WFC)’s Major holders.