Wells Fargo & Company Announces Dividend

SAN FRANCISCO - (BUSINESS WIRE) - Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.05 per share. The dividend is payable December 1, 2009, to stockholders of record on November 6, 2009. The Company has approximately 4.7 billion shares outstanding.

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Wells Fargo & Company
Mary Eshet, 704-383-7777 (Media)
Jim Rowe, 415-396-8216 (Investors)

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Wells Fargo & Company Announces Dividend