Wells Fargo & Company Declares Cash Dividends on Preferred Stock
August 20 2012 - 12:00PM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced dividends
on two series of preferred stock.
A quarterly cash dividend of $20.00 per share was declared on
its 8.00% non-cumulative perpetual class A preferred stock, Series
J, liquidation preference $1,000 per share. This dividend equals
$0.50 per depositary share, each representing a 1/40th interest in
a share of Series J preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrJ.” The Series J
dividend is payable on September 17, 2012, to holders of record as
of the close of business on August 31, 2012.
A quarterly cash dividend of $18.75 per share was declared on
its 7.50% non-cumulative perpetual convertible class A preferred
stock, Series L, liquidation preference $1,000 per share, which is
traded on the New York Stock Exchange under the symbol “WFCPrL.”
The Series L dividend is payable on September 17, 2012, to holders
of record as of the close of business on August 31, 2012.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide,
diversified, community-based financial services company with $1.3
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance through more than
9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has
offices in more than 35 countries to support the bank’s customers
who conduct business in the global economy. With approximately
265,000 full-time equivalent team members, Wells Fargo serves one
in three households in United States. Wells Fargo & Company was
ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’
financial needs and help them succeed financially.
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