Mar 06, 09 Wells
It will also clear one of the big uncertainty issue for the company as well as the bank sector.
Here's from the CEO's press release:
“This was a very difficult decision but it’s absolutely right for our Company and our shareholders because it will further strengthen our ability to grow market share and to continue our long track record of profitable growth,” said President and CEO John Stumpf. “We will return to a more normalized dividend level as soon as practical. We have among the most loyal shareholders in
3.06.2009
Wells Fargo dividend cut
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