WELLS, Minn., Feb. 18, 2016 /PRNewswire/ -- Wells Financial Corp. (OTCQB Market Place-"WEFP"), the parent holding company of Wells Federal Bank, today announced that the Company's Board of Directors declared an $0.25 per share quarterly cash dividend payable on March 28, 2016, to stockholders of record as of the close of business on March 14, 2016. The dividend amount represents an increase of $0.07 per share over the amount of the quarterly cash dividend paid in 2015.
Wells Financial Corp. is the bank holding company for Wells Federal Bank, a Minnesota-chartered, FDIC-insured bank. Wells Federal Bank, originally chartered in 1934, operates nine full-service offices in Faribault, Blue Earth, Nicollet, Freeborn, Steele and Watonwan Counties, Minnesota.
SOURCE Wells Financial Corp.