Wells Fargo & Company Declares Cash Dividends on Preferred Stock
August 16 2024 - 8:00AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced dividends
on six series of preferred stock.
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Wells Fargo Bank branch located in the
Wells Fargo Center (Photo: Wells Fargo)
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 Sept. 16, 2024, to holders of
record as of the close of business on Aug. 30, 2024.
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 Sept. 16, 2024, to holders of record as of
the close of business on Aug. 30, 2024.
A quarterly cash dividend of $296.88 per share was declared on
its 4.75% noncumulative perpetual class A preferred stock, Series
Z, liquidation preference $25,000 per share. This dividend equals
$0.29688 per depositary share, each representing a 1/1,000 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 Sept. 16, 2024, to holders of record as of
the close of business on Aug. 30, 2024.
A quarterly cash dividend of $293.75 per share was declared on
its 4.70% noncumulative perpetual class A preferred stock, Series
AA, liquidation preference $25,000 per share. This dividend equals
$0.29375 per depositary share, each representing a 1/1,000 interest
in a share of Series AA preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrA”. The Series AA
dividend is payable on Sept. 16, 2024, to holders of record as of
the close of business on Aug. 30, 2024.
A quarterly cash dividend of $273.44 per share was declared on
its 4.375% noncumulative perpetual class A preferred stock, Series
CC, liquidation preference $25,000 per share. This dividend equals
$0.27344 per depositary share, each representing a 1/1,000 interest
in a share of Series CC preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrC”. The Series CC
dividend is payable on Sept. 16, 2024, to holders of record as of
the close of business on Aug. 30, 2024.
A quarterly cash dividend of $265.63 per share was declared on
its 4.25% noncumulative perpetual class A preferred stock, Series
DD, liquidation preference $25,000 per share. This dividend equals
$0.26563 per depositary share, each representing a 1/1,000 interest
in a share of Series DD preferred stock, which is traded on the New
York Stock Exchange under the symbol “WFCPrD”. The Series DD
dividend is payable on Sept. 16, 2024, to holders of record as of
the close of business on Aug. 30, 2024.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets. We
provide a diversified set of banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through our four reportable operating segments: Consumer Banking
and Lending, Commercial Banking, Corporate and Investment Banking,
and Wealth & Investment Management. Wells Fargo ranked No. 34
on Fortune’s 2024 rankings of America’s largest corporations. In
the communities we serve, the company focuses its social impact on
building a sustainable, inclusive future for all by supporting
housing affordability, small business growth, financial health, and
a low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CF
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version on businesswire.com: https://www.businesswire.com/news/home/20240816435117/en/
Media Beth Richek, 704-374-2545
Beth.Richek@wellsfargo.com
Investor Relations Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com
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