Wells Fargo to lift its quarterly dividend to 35 cents a share after Fed stress test

Wells Fargo said Friday that it planned to rise its quarterly dividend to 35 cents per stock aft it cleared the Federal Reserve's annual accent test.

The move, which would hike the dividend from 30 cents a share, is taxable to committee support adjacent month, San Francisco-based Wells Fargo said successful a statement.

"This year's CCAR accent trial affirmed that Wells Fargo remains successful a beardown superior position, reflecting the worth of our franchise and benefits of our operating model," said CEO Charlie Scharf. "This superior spot allows america to service our customers' fiscal needs, portion continuing to prudently instrumentality excess superior to our shareholders."

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