Wells Fargo & Company (NYSE: WFC) today announced dividends
on 12 series of preferred stock.
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 March 16, 2020, to holders of
record as of the close of business on Feb. 28, 2020.
A quarterly cash dividend of $325.00 per share was declared on
its 5.20% non-cumulative perpetual class A preferred stock, Series
N, liquidation preference $25,000 per share. This dividend equals
$0.325 per depositary share, each representing a 1/1,000th interest
in a share of Series N preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrN”. The Series N
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $320.31 per share was declared on
its 5.125% non-cumulative perpetual class A preferred stock, Series
O, liquidation preference $25,000 per share. This dividend equals
$0.32031 per depositary share, each representing a 1/1,000th
interest in a share of Series O preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrO”. The Series O
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $328.13 per share was declared on
its 5.25% non-cumulative perpetual class A preferred stock, Series
P, liquidation preference $25,000 per share. This dividend equals
$0.32813 per depositary share, each representing a 1/1,000th
interest in a share of Series P preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrP”. The Series P
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $365.63 per share was declared on
its 5.85% fixed-to-floating non-cumulative perpetual class A
preferred stock, Series Q, liquidation preference $25,000 per
share. This dividend equals $0.36563 per depositary share, each
representing a 1/1,000th interest in a share of Series Q preferred
stock, which is traded on the New York Stock Exchange under the
symbol “WFCPrQ”. The Series Q dividend is payable on March 16,
2020, to holders of record as of the close of business on Feb. 28,
2020.
A quarterly cash dividend of $414.06 per share was declared on
its 6.625% fixed-to-floating non-cumulative perpetual class A
preferred stock, Series R, liquidation preference $25,000 per
share. This dividend equals $0.41406 per depositary share, each
representing a 1/1,000th interest in a share of Series R preferred
stock, which is traded on the New York Stock Exchange under the
symbol “WFCPrR”. The Series R dividend is payable on March 16,
2020, to holders of record as of the close of business on Feb. 28,
2020.
As previously announced, a quarterly cash dividend of $375.00
per share was declared on its 6.00% non-cumulative perpetual class
A preferred stock, Series T, liquidation preference $25,000 per
share. This dividend equals $0.375 per depositary share, each
representing a 1/1,000th interest in a share of Series T preferred
stock, which is traded on the New York Stock Exchange under the
symbol “WFCPrT”. The Series T dividend is payable on March 16,
2020, to holders of record as of the close of business on Feb. 28,
2020.
A quarterly cash dividend of $375.00 per share was declared on
its 6.00% non-cumulative perpetual class A preferred stock, Series
V, liquidation preference $25,000 per share. This dividend equals
$0.375 per depositary share, each representing a 1/1,000th interest
in a share of Series V preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrV”. The Series V
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $356.25 per share was declared on
its 5.70% non-cumulative perpetual class A preferred stock, Series
W, liquidation preference $25,000 per share. This dividend equals
$0.35625 per depositary share, each representing a 1/1,000th
interest in a share of Series W preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrW”. The Series W
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $343.75 per share was declared on
its 5.50% non-cumulative perpetual class A preferred stock, Series
X, liquidation preference $25,000 per share. This dividend equals
$0.34375 per depositary share, each representing a 1/1,000th
interest in a share of Series X preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrX”. The Series X
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $351.56 per share was declared on
its 5.625% non-cumulative perpetual class A preferred stock, Series
Y, liquidation preference $25,000 per share. This dividend equals
$0.35156 per depositary share, each representing a 1/1,000th
interest in a share of Series Y preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrY”. The Series Y
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
A quarterly cash dividend of $158.33 per share was declared on
its 4.75% non-cumulative perpetual class A preferred stock, Series
Z, liquidation preference $25,000 per share. This dividend equals
$0.15833 per depositary share, each representing a 1/1,000th
interest in a share of Series Z preferred stock, which is traded on
the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z
dividend is payable on March 16, 2020, to holders of record as of
the close of business on Feb. 28, 2020.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,400 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 32 countries and territories to support customers who
conduct business in the global economy. With approximately 260,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations.
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version on businesswire.com: https://www.businesswire.com/news/home/20200214005437/en/
Media Contact Ancel Martinez, 415-222-3858
ancel.martinez@wellsfargo.com
or
Investor Relations John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
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