Wells Fargo & Company Announces Dividend and Authorizes Buyback of Up To 25 Million Common Shares
San Francisco — January 25, 2005
Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of 48 cents per share, payable March 1, 2005, to stockholders of record on Feb. 4, 2005. The Company has approximately 1.7 billion shares outstanding. The Company’s Board of Directors also authorized the Company to acquire, from time to time, up to an additional 25 million shares of the Company’s common stock. Wells Fargo & Company is a diversified financial services company with $428 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only “Aaa”- rated bank in the United States.