Wells Fargo (WFC) Approves 2-for-1 Stock Split, Increases Quarterly Dividend

June 27, 2006 4:11 PM EDT
Wells Fargo & Company (NYSE: WFC) approved an increase in the quarterly cash dividend on Wells Fargo common stock to $0.56 from $0.52 per share.

The Board also approved a two-for-one stock split on Wells Fargo common stock in the form of a 100 percent stock dividend.

Both the cash dividend and the stock dividend are payable to stockholders of record at the close of business August 4, 2006. The stock dividend will be distributed August 11, 2006. The cash dividend of 56 cents is on a pre-split basis and will be paid September 1, 2006.

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