Wells Fargo & Company
WFCFinancial Services · Banks - Diversified · Stock · quarterly payer
Forward Yield
2.42%
Annual Dividend
$2.00
Payout Ratio
26%
5-Yr Growth
6.9%
Ex-Date
Nov 6, 2026
Frequency
Quarterly
Key facts about WFC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, Wells Fargo & Company (WFC) has a forward dividend yield of 2.42%, based on an annual dividend of $2.00 per share and a share price of $83.67.
- As of Oct 29, 2026, WFC's dividend safety grade from SmarterDividends is B (74 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Wells Fargo & Company (WFC) has raised its dividend for 4 consecutive years as of Oct 29, 2026.
- WFC last cut its regular dividend in 2020.
- WFC's next ex-dividend date is Nov 6, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 29, 2026, WFC pays out 26% of its trailing 12-month earnings as dividends (its payout ratio).
- WFC's dividend has grown at an average rate of 6.9% a year over the past five years.
- As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for WFC is $109.43 per share, 31% above the $83.67 share price, so WFC screens as undervalued.
- Wells Fargo & Company (WFC) pays its dividend quarterly, 4 times a year.
- Wells Fargo & Company (WFC) has raised its regular dividend 55 times and cut it 2 times across the 219 payments on record since 1972. Its most recent change was a 11.1% increase to $0.500 per share, going ex-dividend on Aug 7, 2026. The last cut went ex-dividend on Aug 6, 2020.
- Wells Fargo (WFC) has declared its first higher dividend of the year in July in 4 of the last 5 years; its most recent raise, 11.1%, was declared on Jul 28, 2026.
Cite this page
SmarterDividends, "WFC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/WFC
Summary
As of Oct 29, 2026, Wells Fargo & Company (WFC) yields 2.42% ($2.00 a year per share), has a dividend safety grade of B (74/100) and has 4 consecutive years of dividend increases on record.
Is WFC a good dividend stock?
Yes, with caveatsWells Fargo & Company (WFC) pays a quarterly dividend yielding 2.42% ($2.00/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (26%)
- Strong 6.9% 5-yr dividend growth
- 72% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 2.42%
- Payout Ratio
- 26%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 6.9%
- Ex-Dividend Date
- Nov 6, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $251.1B
- P/E Ratio
- 11.8
- 5-Yr Total Return
- 72%
- 52-Week Range
- $72.78 – $97.76
- Dividend Safety
- B · 74/100
- Ever Cut?
- Yes (2020)
WFC dividend raises and cuts
Wells Fargo & Company (WFC) has raised its regular dividend 55 times and cut it 2 times across the 219 payments on record since 1972. Its most recent change was a 11.1% increase to $0.500 per share, going ex-dividend on Aug 7, 2026. The last cut went ex-dividend on Aug 6, 2020.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 7, 2026 | Raise | $0.450 → $0.500 | +11.1% |
| Aug 8, 2025 | Raise | $0.400 → $0.450 | +12.5% |
| Aug 9, 2024 | Raise | $0.350 → $0.400 | +14.3% |
| Aug 3, 2023 | Raise | $0.300 → $0.350 | +16.7% |
| Aug 4, 2022 | Raise | $0.250 → $0.300 | +20.0% |
| Feb 3, 2022 | Raise | $0.200 → $0.250 | +25.0% |
| Aug 5, 2021 | Raise | $0.100 → $0.200 | +100.0% |
| Aug 6, 2020 | Cut | $0.510 → $0.100 | −80.4% |
| Aug 8, 2019 | Raise | $0.450 → $0.510 | +13.3% |
| Jan 31, 2019 | Raise | $0.430 → $0.450 | +4.7% |
| Aug 9, 2018 | Raise | $0.390 → $0.430 | +10.3% |
| Aug 2, 2017 | Raise | $0.380 → $0.390 | +2.6% |
Show all 57 changes since 1973
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 4, 2016 | Raise | $0.375 → $0.380 | +1.3% |
| May 6, 2015 | Raise | $0.350 → $0.375 | +7.1% |
| May 7, 2014 | Raise | $0.300 → $0.350 | +16.7% |
| May 8, 2013 | Raise | $0.250 → $0.300 | +20.0% |
| Jan 30, 2013 | Raise | $0.220 → $0.250 | +13.6% |
| May 2, 2012 | Raise | $0.120 → $0.220 | +83.3% |
| May 4, 2011 | Raise | $0.0700 → $0.120 | +71.4% |
| Mar 24, 2011 | Raise | $0.0500 → $0.0700 | +40.0% |
| May 6, 2009 | Cut | $0.340 → $0.0500 | −85.3% |
| Aug 6, 2008 | Raise | $0.310 → $0.340 | +9.7% |
| Aug 8, 2007 | Raise | $0.280 → $0.310 | +10.7% |
| Aug 2, 2006 | Raise | $0.260 → $0.280 | +7.7% |
| Aug 3, 2005 | Raise | $0.240 → $0.260 | +8.3% |
| Aug 4, 2004 | Raise | $0.225 → $0.240 | +6.7% |
| Aug 6, 2003 | Raise | $0.150 → $0.225 | +50.0% |
| Feb 5, 2003 | Raise | $0.140 → $0.150 | +7.1% |
| May 8, 2002 | Raise | $0.130 → $0.140 | +7.7% |
| Aug 8, 2001 | Raise | $0.120 → $0.130 | +8.3% |
| Nov 1, 2000 | Raise | $0.110 → $0.120 | +9.1% |
| Feb 2, 2000 | Raise | $0.100 → $0.110 | +10.0% |
| May 5, 1999 | Raise | $0.0925 → $0.100 | +8.1% |
| Aug 5, 1998 | Raise | $0.0825 → $0.0925 | +12.1% |
| Nov 5, 1997 | Raise | $0.0750 → $0.0825 | +10.0% |
| Feb 5, 1997 | Raise | $0.0675 → $0.0750 | +11.1% |
| May 8, 1996 | Raise | $0.0600 → $0.0675 | +12.5% |
| Aug 2, 1995 | Raise | $0.0525 → $0.0600 | +14.3% |
| Oct 31, 1994 | Raise | $0.0463 → $0.0525 | +13.5% |
| Jan 31, 1994 | Raise | $0.0413 → $0.0463 | +12.1% |
| May 3, 1993 | Raise | $0.0363 → $0.0413 | +13.8% |
| Aug 3, 1992 | Raise | $0.0313 → $0.0363 | +16.0% |
| Nov 4, 1991 | Raise | $0.0288 → $0.0313 | +8.7% |
| Nov 5, 1990 | Raise | $0.0256 → $0.0288 | +12.2% |
| Oct 30, 1989 | Raise | $0.0231 → $0.0256 | +10.8% |
| Jan 30, 1989 | Raise | $0.0208 → $0.0231 | +11.4% |
| May 2, 1988 | Raise | $0.0188 → $0.0208 | +11.1% |
| Oct 29, 1982 | Raise | $0.0171 → $0.0188 | +9.8% |
| May 4, 1981 | Raise | $0.0154 → $0.0171 | +10.8% |
| Apr 28, 1980 | Raise | $0.0138 → $0.0154 | +12.1% |
| Apr 30, 1979 | Raise | $0.0121 → $0.0138 | +13.8% |
| Jul 31, 1978 | Raise | $0.0108 → $0.0121 | +11.5% |
| Oct 31, 1977 | Raise | $0.0100 → $0.0108 | +8.3% |
| Jan 31, 1977 | Raise | $0.0094 → $0.0100 | +6.7% |
| Aug 2, 1976 | Raise | $0.0089 → $0.0094 | +5.9% |
| Jul 28, 1975 | Raise | $0.0083 → $0.0089 | +6.3% |
| Jul 30, 1973 | Raise | $0.0078 → $0.0083 | +6.7% |
Frequently Asked Questions
Is WFC a good dividend stock?
Yes, with caveats. Wells Fargo & Company (WFC) pays a quarterly dividend yielding 2.42% ($2.00/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is WFC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WFC's fair value is about $109.43 versus a $83.67 share price — so it looks undervalued (+31% vs. fair value).
Is WFC's dividend safe?
WFC has a dividend-safety grade of B (74/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.
What is WFC's fair value?
Our blended fair-value estimate for WFC is about $109.43 per share, roughly 31% above the current $83.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WFC a buy, hold, or sell?
We don't issue formal ratings, but on the data WFC screens as "yes, with caveats" and undervalued. Wells Fargo & Company (WFC) pays a quarterly dividend yielding 2.42% ($2.00/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will WFC cut its dividend?
WFC earns a dividend-safety grade of B (74/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WFC pay a dividend?
Yes. Wells Fargo & Company pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 2.42%.
What is WFC's dividend yield?
As of Oct 29, 2026, WFC's forward dividend yield is 2.42%, based on a $2.00 annual dividend and a $83.67 share price.
What is WFC's dividend per share?
As of Oct 29, 2026, WFC pays $2.00 per share per year, distributed on a quarterly basis.
What is WFC's dividend payout ratio?
As of Oct 29, 2026, WFC's payout ratio is 26% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has WFC grown its dividend?
As of Oct 29, 2026, WFC has increased its dividend for 4 consecutive years.
When is the next WFC ex-dividend date?
As of Oct 29, 2026, the next ex-dividend date on record for WFC is Nov 6, 2026.
WFC Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
+85%
5 Years
+72%
52-Week Range
$72.78 – $97.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WFC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Wells Fargo & Company is $109.43 per share, versus a market price of $83.67. That implies 31% of upside — a margin of safety of about 24%.
Fair Value
$109.43
Current Price
$83.67
Upside
+31%
Margin of Safety
24%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.1% discount rate (CAPM), 9.8% growth for five years fading to 2.5% over the next five, $7.14 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WFC Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WFC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 7, 2026 | Sep 1, 2026 | $0.5000 | regular |
| May 8, 2026 | Jun 1, 2026 | $0.4500 | regular |
| Feb 6, 2026 | Mar 1, 2026 | $0.4500 | regular |
| Nov 7, 2025 | Dec 1, 2025 | $0.4500 | regular |
| Aug 8, 2025 | Sep 1, 2025 | $0.4500 | regular |
| May 9, 2025 | Jun 1, 2025 | $0.4000 | regular |
| Feb 7, 2025 | Mar 1, 2025 | $0.4000 | regular |
| Nov 8, 2024 | Dec 1, 2024 | $0.4000 | regular |
| Aug 9, 2024 | Sep 1, 2024 | $0.4000 | regular |
| May 9, 2024 | Jun 1, 2024 | $0.3500 | regular |
| Feb 1, 2024 | Mar 1, 2024 | $0.3500 | regular |
| Nov 2, 2023 | Dec 1, 2023 | $0.3500 | regular |
| Aug 3, 2023 | Sep 1, 2023 | $0.3500 | regular |
| May 4, 2023 | Jun 1, 2023 | $0.3000 | regular |
Income Calculator
At $2.00 / yr per share
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