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Wells Fargo & Company (NYSE:WFC) announced plans to increase its Q3/22 common stock dividend to $0.30 from $0.25 per share, following the completion of the Federal Reserve’s 2022 Comprehensive Capital Analysis and Review (CCAR) stress test process.
According to Charlie Scharf, the CEO of Wells Fargo, the company remains in a strong capital position, as confirmed by the stress test results, and is well-positioned to support its customers, while also continuing to return excess capital to shareholders through dividends and share repurchases.
