What is the amount of the dividend declared by Wells Fargo?

Wells Fargo's Board of Directors declared a dividend of $0.07 per share of common stock.

When will shareholders receive this dividend payment?

The dividend will be paid on March 31, 2011, to shareholders who owned the stock on the record date of March 28, 2011.

What is the significance of the share repurchase authorization?

The authorization to repurchase up to 200 million shares of common stock indicates management's confidence in the company's valuation and provides a mechanism to potentially increase earnings per share and return capital to shareholders.

Where can I find more details about these announcements?

The detailed news release announcing the dividend and share repurchase authorization is filed as Exhibit 99 to this Form 8-K filing and is incorporated by reference.

WELLS FARGO & COMPANY/MN 8-K SEC Disclosure

Summary

Wells Fargo & Company (WFC) announced on March 18, 2011, through a Form 8-K filing, that its Board of Directors has declared a quarterly cash dividend of $0.07 per share. This dividend is set to be paid on March 31, 2011, to shareholders of record as of March 28, 2011. This action indicates the company's continued commitment to returning capital to its shareholders.

Key Highlights

1Declaration of a quarterly cash dividend of $0.07 per share for common stock.
2Record date for the dividend is March 28, 2011.
3Payment date for the dividend is March 31, 2011.
4Board of Directors authorized a significant share repurchase program of up to 200 million shares of common stock.
5The news release announcing these actions is incorporated by reference as an exhibit.

WELLS FARGO & COMPANY/MN 8-K Report, Corporate Update (Mar 18, 2011)

Summary

Key Highlights

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