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Strategies & Market Trends : Dividend investing for retirement

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From: chowder	1/27/2010 7:45:56 PM
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I see where WFC approved a small dividend. I've been slowly building a long term position in WFC for about 13 months now (I buy every month without exception). I have unrealized gains of 23% as of today, based on my dollar cost average per share, over the 13 months. I've been building a position in WFC because I'm hopeful that one day, perhaps next year, they will start growing dividends again. We'll see what happens. But for now, I guess I have to classify the position as a growth stock as opposed to growth and income. ============================================================= Wells Fargo (WFC) Approves $0.05 Per Share Quarterly Dividend -Annual Yield 0.70% January 26, 2010 5:42 PM EST Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.05 per share. The dividend is payable March 1, 2010, to stockholders of record on February 5, 2010. The Company has approximately 5.2 billion shares outstanding.

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