By Rob Otman After the last financial collapse, Wells Fargo’s dividend history took a hit. In 2009, the company cut its quarterly dividend from $0.34 to $0.05. Then in 2011, Wells Fargo started raising it again. Each year since, the big bank has started rewarding shareholders with more income.
Wells Fargo (NYSE: WFC) survived the last collapse with flying colors. It’s been one of the safest banks to own. Over the past decade it has had some setbacks, along with the recent financial sector tumble, but this creates a better buying opportunity.
With the drop in share price, the dividend yield has climbed above 7%. …read more
