By Kathryn Hardison

Wells Fargo & Co. said Monday that it expects to increase its third-quarter common stock dividend to 30 cents per share from 25 cents a share.

The dividend increase is subject to approval from the company's board of directors, which is scheduled to meet in July.

The company also completed its 2022 Comprehensive Capital Analysis and Review stress test process, and it expects its stress capital buffer to be 3.2%.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

June 27, 2022 17:40 ET (21:40 GMT)

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