5 Quality Dividend Growth Stocks With Huge Upside Potential

3. Wells Fargo & Co (NYSE:WFC)

– Ranking Among Hedge Funds (as of September 30): 19th (79 hedge fund shareholders)

– Ranking in the WisdomTree US Quality Dividend Gr ETF (as of December 14): 5th (3.50% weighting)

– Forward Dividend Yield: 3.70%

Wells Fargo & Co (NYSE:WFC) has the distinction of having the highest dividend yield on this list by a wide margin (just a tick under a full percentage point). That yield has climbed significantly in 2018 due to WFC shares having lost 26% of their value, as the investment bank has been hit with a regulatory asset cap by the Fed following its fake accounts scandal. Wells Fargo had previously predicted that the cap would be lifted by the middle of next year, but the company is reportedly months behind schedule when it comes to drawing up an acceptable reform plan. The scandal and asset cap did not prevent Fed approval of Wells Fargo’s 10% dividend hike earlier this year.