Wells Fargo & Company (NYSE:WFC) Updates On Dividend Release Date


On 2016-07-26, Wells Fargo & Company (NYSE:WFC) confirmed the dividend disbursement of $0.38 a share to shareholders as on record 2016-08-05. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-03.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Wells Fargo & Company (NYSE:WFC) paid a total of $0.38 per share in dividends. This figure stood at $0.38 a share in the same period a year ago indicating a deviation of 9.2593%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $54.588 on the stock. This figure is the average of recommendations offered by 17 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $64 and $45, respectively.

Taking the mathematical rating formula, the price for Wells Fargo & Company (NYSE:WFC) stands at 2.17. Earnings Review Wells Fargo & Company (NYSE:WFC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-14. For the period ending on 2016-09-30, experts are expecting EPS of $1.03.

Coming to the quarter ending on 2015-12-31, Wells Fargo & Company (NYSE:WFC) recorded EPS of $1.01. The reported numbers came lower than the analysts’ estimates of $1.02, demonstrating a miss of $-0.01 as against reported figures.

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