Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.
A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative 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, to holders of record as of the close of business on Feb. 28.
A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share.
This dividend equals $0.35156 per depositary share, each representing a 1/1,000 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, 2026, to holders of record as of the close of business on Feb. 27.
WFC shares sagged 57 cents to $85.68.
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