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Wells Fargo & Company Announces Dividend

Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $.30 per share. The dividend is payable September 1, 2013, to stockholders of record on August 9, 2013, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 5.3 billion shares outstanding.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet ( wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Cautionary Statement About Forward-Looking Statements

This news release contains forward-looking statements about future capital distributions by Wells Fargo. Forward-looking statements speak only as of the date made, and we do not undertake to update them. The amount and timing of any future capital distributions, including common stock dividends or repurchases, are subject to regulatory approvals and conditions, and will depend on a number of factors including: the earnings, cash requirements and financial condition of Wells Fargo; market conditions; Wells Fargo’s capital requirements (including under Basel capital standards); Wells Fargo’s common stock issuance requirements; applicable law and regulations (including federal securities laws and federal banking regulations); and other factors deemed relevant by Wells Fargo’s Board of Directors.



Copyright Business Wire 2010

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