This morning, Wells Fargo (NYSE:WFC) declared its quarterly dividend of 12 cents per share, an increase of about 140% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1.7% going forward.
Shares of WFC were sharply lower this morning, falling 4.7% today.
In other dividend news, Northern Trust (NASDAQ:NTRS) maintained its quarterly dividend of 28 cents per share. And Oneok (NYSE:OKE) maintained its quarterly dividend of 52 cents per share.
Among dividend increases, Wynn Resorts (NASDAQ:WYNN) announced its quarterly dividend of 50 cents per share, doubling its prior dividend in August of 25 cents. And Stonemor Partners (NYSE:STON) announced its quarterly dividend of 58.5 cents per share, an increase of about 2% over its prior dividend.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.