Wells Fargo's shares were up 20.4% at $19.50 in premarket trading amid a broad surge in beaten-down financial stocks. Through Tuesday the stock was down 45% this month. Meanwhile, the company announced a dividend of 34 cents a share, allaying fears it might cut its dividend in order to improve liquidity.Many cash-strapped U.S. banks have been cutting their dividends to boost their balance sheets, and analysts were wondering whether Wells Fargo would do the same, especially because it issued nearly 900 million shares during the quarter, which would add more than $1.25 billion to its dividend payments. The San-Francisco-based bank bulked up in the quarter, raising nearly $13 billion through a common-share offering and getting $25 billion in government funding that helped it close its buy of Wachovia. The company said Wednesday it has no plans to ask for further government bailout money.