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 third-largest bank in the U.S. with $1.7 trillion in assets had to reduce its dividend in the second quarter of 2020 due to hardships caused by the pandemic and resulting economic environment. The bank dropped its quarterly dividend from $0.51 per share to $0.10. It has stayed at that level since.

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Source Fool.com