Wells Fargo & Co (WFC.N) said on Friday that it would issue a special cash dividend to its common stockholders, following the results of the Federal Reserve's second round of stress tests. The total first-quarter dividend will be 12 cents a share. That includes 5 cents announced in January and special 7-cent payout announced on Friday. Chief Executive Officer John Stumpf said in a statement that the bank was ultimately targeting a 30 percent dividend payout ratio.
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