Wells Fargo & Co. is rewarding shareholders with a $0.40 quarterly dividend, reflecting strong quarterly earnings and positive outlook. Investors are attracted to dividend stocks for overall return potential and passive income. Wells Fargo has consistently paid dividends since 1995, increasing annual payouts since 2020 at a compound growth rate of over 30%. Despite a lower yield than averages of its industry, it has provided substantial growth, evidenced by a 367% increase in share price since 2000.
Investors favor dividend stocks for two main reasons: enticing total return potential and a steady, reliable stream of passive income.
Wells Fargo has paid a quarterly dividend since 1995, showcasing a commitment to consistent value and a compound annual growth rate exceeding 30% since 2020.
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