NEW YORK (

TheStreet

) -- The ex-dividend date for

Wells Fargo

(NYSE:

WFC

) is tomorrow, February 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $29.49 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Wells Fargo has been 32.6 million shares per day over the past 30 days. Wells Fargo has a market cap of $161.05 billion and is part of the

financial

sector and

banking

industry. Shares are up 6.1% year to date as of the close of trading on Monday.

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The company has a P/E ratio of 10.5, below the average banking industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wells Fargo as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, notable return on equity, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Wells Fargo Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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