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Non-Tech : WELLS FARGO
WFC 86.97+1.1%Oct 31 9:30 AM EDT

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To: Doug (Htfd,CT) who wrote (1248)1/27/2000 1:06:00 AM
From: David C. Burns   of 1281
 
Wells Fargo & Company Increases Cash Dividend

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 25, 2000--Wells Fargo & Company (NYSE:WFC) today announced an increase in its quarterly common stock dividend to 22 cents per share from 20 cents per share. The dividend is payable on March 1, 2000 to stockholders of record on February 4, 2000.

Wells Fargo's last dividend increase was effective June 1, 1999, when the dividend was raised from 18.5 cents per share to 20 cents. Wells Fargo has approximately 1.6 billion shares of common stock outstanding.

Wells Fargo & Company is a $218 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 6,000 stores, the Internet and other distribution channels across North America, including all 50 states, and elsewhere internationally.

CONTACT:

Wells Fargo

Media: Mary Rodrigues, 415/396-3606

or

Investors: Robert S. Strickland, 415/396-0523
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