It’s expected to decline to 20 cents, according to an analysis by Bloomberg’s Dividend … What are my alternatives?Therefore, if you believe that Wells Fargo CEO Charlie Scharf is the person to right the ship, the question then becomes whether there’s enough reward available for the risk you’ll be taking.Clearly, WFC is cheaper than it’s been in some time. For full details about any of the quarters, refer to the below tables. All rights reserved. He also believes that the bank’s moves to increase its credit reserves make sense given the novel coronavirus has taken a big bite out of the economy.Copyright © 2020 InvestorPlace Media, LLC. At the current share price, Wells Fargo yields roughly 8%, so even if it is forced to cut its dividend in half, it will still be a relatively high-paying dividend stock. Dividends per share have been restated for the corporation's two-for-one stock splits, effected in the form of a 100% stock dividend, distributed on August 11, 2006 and on October 10, 1997. Everyone’s different, but I’d say 12 to 18 months.©2020 InvestorPlace Media, LLCArticle printed from InvestorPlace Media, https://investorplace.com/2020/07/wells-fargo-stock-wfc-tough-buy-current-environment/.“Fundamentals remain particularly pressured at WFC, but we are encouraged by management’s decisive actions on capital and credit, and an emerging commitment to tackle Wells’ lagging returns via expense efficiencies,” Pancari wrote in a note to clients. On July 14, Wells Fargo cut its quarterly dividend to 10 cents. 1125 N. Charles St, Baltimore, MD 21201.Think about it. You might not make as much should it jump 50% in the next 12 months, but you won’t lose as much if Wells Fargo fails to deliver, which is in the realm of possibility.I’m not nearly as convinced. A recession is a time for dividend cuts, and even though most U.S. banks are in much better shape than they were at the start of the 2008 financial crisis, investors are showing no confidence in the industry.That points not only to loan forbearances and credit losses, but also to continued pain for countless businesses of all sizes that owe money to the banks.Analysts at Keefe, Bruyette & Woods, led by Christopher McGratty, on Wednesday listed 21 banks they say are “potential dividend cut candidates,” even though they think dividends are “‘broadly safe’ for 90% of the banks, a sharp contrast relative to the financial crisis” of 2008.Here’s KBW’s entire list of 21 banks that are potential candidates for dividend cuts, sorted by total assets:Apple Inc. brushed off the COVID-19 crisis to report record June-quarter results that came in ahead of expectations, and the company said in plans to split its stock in an attempt to make it “more accessible to a broader base of investors.”The trailing dividend payout ratio was calculated by dividing the current annual dividend rate per share by earnings per share for the past four quarters. Copyright © 2020 InvestorPlace Media, LLC. Evercore ISI analyst John Pancari recently raised his rating from “in-line” to “outperform” with a $27 target price. That makes Wells Fargo stock a tough buy. Please opt-in to receive news and information about Nasdaq’s services.