Wells Fargo hikes dividend by 20%

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Wells Fargo & Company (WFC) today announced a quarterly common stock dividend of $0.30 per share, payable Sept. 1, 2022, to stockholders of record on Aug. 5, 2022, as approved today by the Wells Fargo board of directors. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. At a stock price of $43 the new annual dividend rate of $1.20 per share yields 2.8%.

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