Wells Fargo & Co. made waves Tuesday with the twin announcement of a $0.40 per-share dividend and the launch of a massive new $40 billion stock buyback program, sending a clear message to Wall Street: the bank is flush with confidence, capital, and commitment to shareholder returns.
Like a seasoned poker player pushing chips to the center of the table, Wells Fargo’s board authorized the repurchase plan as a strategic play to consolidate ownership and boost long-term value. The repurchase will go into effect once the bank wraps up its current buyback initiative.
Dividend Stays Steady as Buyback Blitz Begins
The quarterly dividend, set at $0.40 per share, will be paid out on June 1, 2025, to shareholders of record as of May 9, 2025 — a signal of stability and continuity amid evolving market dynamics.
With the green light now flashing on the $40 billion repurchase plan, Wells Fargo is executing one of the largest buyback authorizations in recent memory. The move could shrink its outstanding share count significantly, building on a track record that has already seen a 22% reduction in common shares since 2019.
