Wells Fargo & Company Announces Dividend

SAN FRANCISCO, Oct. 24 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE:WFC) today announced a quarterly common stock dividend of 28 cents per share. The dividend is payable Dec. 1, 2006, to stockholders of record on Nov. 3, 2006. The Company has approximately 3.4 billion shares outstanding.

Wells Fargo & Company is a diversified financial services company with $483 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,100 stores and the internet ( wellsfargo.com ) across North America and elsewhere internationally. Wells Fargo Bank, N.A. has the highest possible credit rating, "Aaa," from Moody's Investors Service and the highest credit rating given to a U.S. bank, "AA+," from Standard & Poor's Ratings Services.

Source: Wells Fargo & Company

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