Wells Fargo Maintains Quarterly Dividend

Wells Fargo Maintains Quarterly Dividend

Wells Fargo (NYSE: WFC) yesterday announced that it is maintaining its quarterly stock dividend of $0.10 per share in the fourth quarter, payable Feb. 5. The bank dropped its quarterly dividend from $0.51 per share to $0.10. The Federal Reserve capped dividend increases last year for large banks through the fourth quarter.