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As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to the U.S. Treasury and U.S. taxpayers to $1.441 billion since the preferred stock was issued in October 2008.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease ...
*Stock Advisor returns as of January 6, 2025. Wells Fargo is an advertising partner of Motley Fool Money. Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has no ...
As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to $1.441 billion since the preferred stock was issued in October 2008. [67] In April 2009, Wells Fargo acquired North Coast Surety Insurance Services. [68]
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However, Wells Fargo retains Norwest's pre-1998 stock price history, and all SEC filings before 1998 are listed under Norwest, not Wells Fargo. The new Wells Fargo started off as the nation's seventh largest bank with $196 billion in assets, $130 billion in deposits, and 15 million retail banking, finance, and mortgage customers.
Wells Fargo & Company Declares Cash Dividends on Preferred Stock SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYS: WFC) today announced dividends on four series of preferred stock. A ...
The stock was up 1.4% to $25.70 at the close on Monday.Five-star analyst Gerard Cassidy at RBC Capital today lowered the firm's price target to $29 from $35 and reiterated a Sell rating on the ...