Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.10 per share, payable Sept. 1, 2020, to stockholders of record on Aug. 7, 2020, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 4.1 billion shares outstanding.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.97 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,300 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations.

Media Contact Ancel Martinez, 415-222-3858 Ancel.Martinez@wellsfargo.com

Investor Relations John Campbell, 415-396-0523 John.M.Campbell@wellsfargo.com

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