Senator McConnell Buys The Same Stock Every Quarter: Here's Why

Group 1 - Senator Mitch McConnell has disclosed purchasing shares of Wells Fargo & Co (NYSE: WFC) multiple times, indicating a consistent investment pattern [2][3] - The recent purchase was between $1,000 to $15,000 on December 1, marking the fourth time in 2025 that McConnell has reported buying Wells Fargo shares [2][3] - Wells Fargo is the only stock that McConnell has reported buying each year for the last three years, with quarterly purchases over multiple years [3] Group 2 - The frequent purchases are attributed to McConnell's wife, Elaine Chao, who owned between $500,000 and $1 million in Wells Fargo shares as of 2020 [4] - The couple is utilizing a dividend reinvestment plan, which allows them to purchase more shares each quarter using dividends generated from their investment [5] - In 2020, the couple generated annual dividends of $15,000 to $30,000 from Wells Fargo, with the current dividend yield at 1.9% [5]