Wells Fargo Dividends and Buybacks
Dividend criteria checks 3/6
Wells Fargo is a dividend paying company with a current yield of 2.11% that is well covered by earnings. Next payment date is on 1st December, 2024 with an ex-dividend date of 8th November, 2024.
Key information
2.1%
Dividend yield
7.0%
Buyback Yield
| Total Shareholder Yield | 9.1% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | -0.9% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 08 Nov 24 |
| Dividend per share | US$1.600 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: WFC's dividend payments have been volatile in the past 10 years.
Growing Dividend: WFC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Wells Fargo Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WFC) | 2.1% |
| Market Bottom 25% (CL) | 3.2% |
| Market Top 25% (CL) | 9.1% |
| Industry Average (Banks) | 5.3% |
| Analyst forecast (WFC) (up to 3 years) | 2.5% |
Notable Dividend: WFC's dividend (2.11%) isn’t notable compared to the bottom 25% of dividend payers in the CL market (3.23%).
High Dividend: WFC's dividend (2.11%) is low compared to the top 25% of dividend payers in the CL market (9.14%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.9%), WFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WFC's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).