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

Wells Fargo & Company WFC today announced a quarterly common stock dividend of $0.39 per share, payable March 1, 2018 to stockholders of record on Feb. 2, 2018, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 4.9 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 WFC is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180123006480/en/