With the bank struggling to regain customer trust, investors have slashed the premium which Wells Fargo’s shares have demanded since the downturn. We maintain our $57 price estimate for Wells Fargo’s shares, which is slightly higher than the current market price. Wells Fargo’s quarterly dividend payout was 35 cents a share in 2014 – slightly higher than the pre-2008 figure of 34 cents. Wells Fargo’s capital plan for 2017 includes an increase in quarterly dividends from 38 cents a share to 39 cents starting from Q3 2017. Combined with $5.75 billion in repurchases over the remaining two quarters (half of the announced $11.5 billion figure), total repurchases for 2017 should be around $11.75 billion.

Source: Forbes July 05, 2017 19:18 UTC