Dividend Increase - Wells Fargo (WFC)

This is a little late but I just saw it as I was checking some of my positions.  On January 23rd, Wells Fargo's Board announced an increase in their quarterly dividend from $0.22 to $0.25 per share.  This represents a 13.64% increase over the previous rate.  The new rate will be payable March 1st to shareholders of record as of February 1st.  I expect this year we'll see some pretty sizable dividend increases from the financial sector and this is the first of my holdings.

I hold shares in WFC in both my FI portfolio and my Roth IRA.  In my FI portfolio I'll receive an extra $1.60 in annual dividends due to the increase and my YOC increased from 3.64% to 4.14%.  In my Roth IRA I'll receive an extra $3.08 in annual dividends and my YOC increased from 3.45% to 3.92%.  The overall YOC for my FI portfolio now sits at 2.79% and for the Roth IRA it's 3.06%.

My forward 12-month dividends increased to $1,825.29 and $206.11 respectively.

Comments

  1. I have never been one to invest in bank stocks. Theirs just to much uncertainty surrounding companies involved in the financial services industry. Great economies and countries are not built upon a bloated financial services economy. Companies and economies and countries cannot live on financial services alone.

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