Wells Fargo: Dividend Insights
Portfolio Pulse from Benzinga Insights
Wells Fargo (NYSE:WFC) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 35 cents lower. Shareholders who own WFC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 01, 2023.
July 31, 2023 | 2:46 pm
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Wells Fargo's announcement of a 35 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard process and does not indicate a problem with the company. However, it can lead to short-term price volatility. Long-term investors who hold the stock through the ex-dividend date will receive the dividend, which can be a source of income or reinvested.
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