Are You Missing Out on This Bank's Monster Dividend Raise?
Don't look now, but one of the most generous dividend raisers this earnings season was a bank. Specifically, it was Wells Fargo (NYSE: WFC), one of this country's Big Four lenders.
Following the Federal Reserve's annual stress tests, the bank wasted no time declaring its latest dividend raise. It's a substantial hike, so let's explore it a little and see if it supports a buy case for the company's stock.
Wells Fargo not only declared that dividend raise, but also unveiled a new and enormous share-buyback program. We'll address the latter in a moment; as for the former, the dividend raise resulted in an enhanced quarterly payout of $0.35 per common share.
Source Fool.com
