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Financial services company $WFC said its BoD has declared a quarterly dividend of $0.375 per share payable March 1, 2016 to stockholders of record on Feb. 5, 2016. Company has about 5.1Bil shares outstanding. BoD also raised $WFCâ??s repurchase authority by an additional 350MM shares.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.