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WFC - Global Dividends Expected To Grow 6.5% In 2021
Wells Fargo & Company
Global dividends in 2021 should grow by 6.5% year over year, putting the overall payout in 2021 just under the pre-COVID-19 levels of 2019.
This growth will be driven by continued lifting of restrictions, accelerated growth as the vaccine becomes more widely available, and clearer visibility for businesses as they make capital allocation plans.
Banks are not only key players in the economy, and therefore highly regulated, but also key dividend payers in their respective regions.