Wells Fargo & Company Announces Increased Dividend

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.375 per share, an increase of 2.5 cents, or 7 percent, per share from the prior quarter. The dividend is payable June 1, 2015, to stockholders of record on May 8, 2015, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 5.2 billion shares outstanding.

This dividend increase for the second quarter of 2015 was part of the company’s 2015 Capital Plan. The Federal Reserve advised Wells Fargo in March 2015 that it had no objection to its 2015 Capital Plan.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations.

Wells Fargo & Company
Ancel Martinez, 415-222-3858 (Media)
Jim Rowe, 415-396-8216 (Investors)

Source: Wells Fargo & Company

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