Wells Fargo Boosts Dividends 11.1%
Wells Fargo Bank increased its quarterly dividend by 11.1% to 50 cents per share, following its successful completion of the Federal Reserve's annual stress tests. The new annual dividend amounts to $2, with an approximate annual yield of 2.3% based on the stock price of $86.81. This increase is part of the banks' efforts to enhance dividends and repurchase shares after the results of the stress tests.
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