Is Wells Fargo Paying A Dividend?

Is Wells Fargo dividend Safe 2020?

Overall, KBW analysts believe dividends are “broadly safe” for 90% of banks.

Wells Fargo’s quarterly dividend is $0.51 per share.

That would result in a yield of 9.10%, based on the stock’s closing price of $22.42 on May 13.

Kleinhanzl in his note cited an estimated dividend payout of 221% for Wells Fargo in 2020..

How often does Wells Fargo pay dividend?

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.5. Our premium tools have predicted Wells Fargo & Co.

What are the top 5 dividend paying stocks?

Best Dividend Stocks In 2020: Top 5Company/Benchmark IndexSymbol5-Yr Return (%)Texas InstrumentsTXN175Illinois Tool WorksITW127Home DepotHD107McDonald’sMCD902 more rows•Nov 17, 2020

What are the 10 highest paying dividend stocks?

Highest-Paying Dividend Stocks In the DowExxon Mobil (XOM)Dow Inc (DOW)Chevron (CVX)IBM Corp (IBM)Boeing (BA)Pfizer (PFE)Verizon (VZ)Walgreens Boots Alliance (WBA)More items…•

How much does Wells Fargo pay in dividends?

Dividend History for Wells Fargo & Co. (wfc)Ex-Div. DateAmountPay. Date1/31/2019$0.453/1/201911/8/2018$0.4312/1/20188/9/2018$0.439/1/20185/3/2018$0.396/1/201832 more rows

Is Wells Fargo dividend at risk?

Among the ‘big six’ U.S. banks, it appears Wells Fargo is the most at risk for a third-quarter dividend cut.

Will WFC raise dividends in 2020?

Wells Fargo announced a deep dividend cut when reporting Q2 2020 earnings. The quarterly regular cash dividend on the common stocks was slashed by approximately 80% from $0.51 per share to $0.10 per share. The cut will take place for Q3 2020. The annual dividend yield was roughly 8% before the cut.

Does Warren Buffett own Wells Fargo stock?

Berkshire has been a Wells Fargo shareholder for more than 30 years, counting the bank among its five biggest holdings for most of that time. It owned more than 13% of the bank in 1994, and boasted more than 500 million shares worth over $27 billion in 2016.

Why did Wells Fargo cut its dividend?

Wells Fargo & Co. said it expects to cut its dividend for the first time in more than a decade to preserve capital to weather the coronavirus pandemic. The fourth-largest U.S. bank by assets said Monday it would cut its dividend from the 51 cents it paid in each of the four most-recent quarters.

What is the best stock to buy right now?

Best Value StocksPrice ($)12-Month Trailing P/E RatioBrighthouse Financial Inc. (BHF)29.631.4Brookfield Property REIT Inc. (BPYU)14.581.4NRG Energy Inc. (NRG)33.042.12 more rows

What is Wells Fargo new dividend?

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.10 per share, payable Dec. 1, 2020, to stockholders of record on Nov. 6, 2020, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 4.1 billion shares outstanding.

What stock paid the highest dividend?

High paying dividend stocks in the S&P 500:Kohl’s Corp. (KSS)Simon Property Group (SPG)Invesco (IVZ)Oneok Partners (OKE)Kimco Realty Corp. (KIM)Gap (GPS)Helmerich & Payne (HP)

Is Wells Fargo stock undervalued?

Wells Fargo (NYSE:WFC) looks like a good bargain at current prices $25.13. Wells Fargo Stock is trading well below the bank’s tangible book value per share. Moreover, I believe that the bank stock is worth at least 44% more based on simple measures of its value.

Is Wells Fargo Bank a good stock to buy?

Wells Fargo Stock Is Not A Buy Analysts now see Wells Fargo earnings collapsing in 2020, with a rebound in 2021 not making up for the precipitous decline. … Bottom line: Wells Fargo stock is not a buy.

Is Wells Fargo a safe investment?

Some fundamentalists will argue that Wells Fargo is indeed a safe bet that gives investors a “decent return on assets” and pays out roughly $7 a share, but its problems may outweigh its benefits, Tatro argued. “The problem is, obviously, they have a major public issue. They lost all trust,” he said.