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On December 23, 2009, Wells Fargo redeemed the $25 billion of series D preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program's Capital Purchase Program. As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to the U.S. Treasury ...
The next selection for the Inflation-Protected Income Growth Portfolio is banking titan Wells Fargo . One of the few major banks to have recovered its dividend to nearly its pre-financial-crisis ...
As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to $1.441 billion since the preferred stock was issued in October 2008. In April 2009, Wells Fargo acquired North Coast Surety Insurance Services.
Wells Fargo & Company Announces Increased Dividend SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYS: WFC) today announced a quarterly common stock dividend of $.25 per share, an ...
Wells Fargo (WFC) announced this morning that it is cutting its dividend by 85 percent in an effort to retain about $5 billion per year in cash. "This was a very difficult decision but it's ...
Dividend stocks have been all the rage over the past few years. Given abysmal bond yields coupled with the perceived safety of dividend stocks relative to growth stocks, some have even gone so far ...
Talks between Wells Fargo and First Interstate then led within days to a merger agreement for $11.3 billion in stock. Wells Fargo completed the acquisition on April 1, 1996 and announced the elimination of 7,200 jobs. First Interstate Bancorp's stock was traded on the New York Stock Exchange under the stock symbol "I".
The question this week is whether the Fed will allow Wells Fargo. Last week, the Federal Reserve reported that 17 of the nation's 18 largest banks passed this year's round of stress tests. Among ...