Company Overview:
Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California. It is an international banking and financial services company that operates in all 50 states including 36 countries with approximately 8,700 locations and 12,500 ATMs. The company provides products and services to individuals, small businesses, and large businesses. It operates primarily in four major categories: Community Banking, Wealth and Investment Management, Consumer Lending, and Wholesale Banking. The company is one of the four biggest banks in United States and has one of the most valuable banking brands in the world.
Statistics:
- P/E: 9.7
- Dividend Yield: 7.4%
- 10Yr Dividend Growth Rate: 14.7%
- 5Yr Dividend Growth Rate: 7.3%
- 3Yr Dividend Growth Rate: 8.2%
- Payout Ratio: 68.0%
- Consecutive Years of Dividend Raises: 9
- Dividend Payout: Quarterly
- Debt/Equity Ratio: 1.80x
I purchased 700 shares of Wells Fargo & Co. (WFC) for the price of $27.52 per share for a total investment of $19,264.00 adding around $1,428 to my annual dividend income.
This is the 3rd time I am initiating a stock acquisition this year. This transaction is my additional purchase of WFC shares into the portfolio. As of today, I now hold a total of 721.31 shares of the company. Additionally, WFC ownership stake represents to be around 13.9% of my total portfolio value.
Conclusion:
The Portfolio “The Dividend Machine” has been updated with link ➡ here.
Thank you for reading & have a great day!