Wells Fargo & Company announced a quarterly common stock dividend of $0.45 per share, payable on March 1, 2019 to stockholders of record on Feb. 1, 2019, as approved by the Wells Fargo board of directors. The first-quarter dividend represents an increase of $0.02 per share, or 5%, from the prior quarter. The dividend increase is part of the company’s 2018 Capital Plan, which received a non-objection from the Federal Reserve in June 2018. Wells Fargo has approximately 4.6 billion shares outstanding.