Is Wells Fargo About to Raise Its Dividend?

A new research report published by Markit Group predicts that many of the nation's largest banks are on the verge of raising their dividends.

Among others, it expects both Bank of America and Citigroup to raise their quarterly payouts by as much as 400%. "Expectations for the remainder are more pedestrian, thanks to Fed guidelines discouraging [payout ratios] greater than 30%," reads the report.

Where does Wells Fargo (NYSE: WFC  ) fall on the spectrum? In the following video, Motley Fool contributor John Maxfield answers this question by giving his take on whether the California-based bank will indeed hike its dividend next month.

If you're looking for great dividend stocks, check out this list
One of the dirty secrets that few finance professionals will openly admit is that dividend stocks as a group handily outperform their non-dividend-paying brethren. However, knowing this is only half the battle. The other half is identifying which dividend stocks in particular are the best. With this in mind, our top analysts put together a free list of nine high-yielding stocks that should be in every income investor's portfolio. To learn the identity of these stocks instantly and for free, all you have to do is click here now.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2848589, ~/Articles/ArticleHandler.aspx, 7/30/2014 8:18:11 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement