AP NEWS

Wells Fargo & Company Increases Common Stock Dividend

January 22, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Jan 22, 2019--Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.45 per share, payable March 1, 2019 to stockholders of record on Feb. 1, 2019, as approved today by the Wells Fargo board of directors. The first-quarter dividend represents an increase of $0.02 per share, or 5 percent, from the prior quarter. The dividend increase is part of the company’s 2018 Capital Plan, which received a non-objection from the Federal Reserve in June 2018. Wells Fargo has approximately 4.6 billion shares outstanding.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190122005791/en/

CONTACT: Media Contact

Ancel Martinez, 415-222-3858

Ancel.Martinez@wellsfargo.com

Investor Relations

John Campbell, 415-396-0523

John.M.Campbell@wellsfargo.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Wells Fargo & Company

Copyright Business Wire 2019.

PUB: 01/22/2019 01:30 PM/DISC: 01/22/2019 01:30 PM

http://www.businesswire.com/news/home/20190122005791/en

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