Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Published Mon, 19 Aug 2013 19:00:00 UT on BusinessWire

Wells Fargo & Company (NYSE. WFC ) today announced dividends on six 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 16, 2013, to holders of record as of the close of business on August 30, 2013.

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 16, 2013, to holders of record as of the close of business on August 30, 2013.

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 September 16, 2013, to holders of record as of the close of business on August 30, 2013.

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 September 16, 2013, to holders of record as of the close of business on August 30, 2013.

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 September 16, 2013, to holders of record as of the close of business on August 30, 2013.

A quarterly cash dividend of $215.31 per share was declared on its 5.85% non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share. This dividend equals $0.21531 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 September 16, 2013, to holders of record as of the close of business on August 30, 2013. Read more