Wells Fargo Stock To Go Ex-dividend Tomorrow (WFC)

NEW YORK ( TheStreet) -- The ex-dividend date for Wells Fargo (NYSE: WFC) is tomorrow, March 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $34.48 as of 9:30 a.m. ET, the dividend yield is 1.4%.

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 24.5% year to date as of the close of trading on Tuesday.

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 12.1, above the average banking industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Wells Fargo Ratings Report.

See our dividend calendar or top-yielding stocks list.
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