Wells Fargo & Company Announces Dividend and Increased Common Stock Repurchase Authority

SAN FRANCISCO--()--Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.375 per share. The dividend is payable March 1, 2016, to stockholders of record on Feb. 5, 2016, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 5.1 billion shares outstanding. The Wells Fargo board of directors also increased the company’s authority to repurchase common stock by an additional 350 million shares.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.

Contacts

Wells Fargo & Company
Media
Ancel Martinez, 415-222-3858
Investors
Jim Rowe, 415-396-8216

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