SAN FRANCISCO--(BUSINESS WIRE)--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 âWFCPrLâ. The Series L dividend is payable on Sept. 15, 2025, to holders of record as of the close of business on Aug. 29
Related Questions
How does this dividend compare to recent dividend announcements on other banks' preferred securities?
How might the announcement influence the overall perception of WellsâŻFargoâs dividend policy among institutional investors?
How will the $18.75 quarterly dividend on Series L preferred shares affect the market price of the preferred stock?
What is the implied yield on the Series L preferred shares compared to WellsâŻFargoâs common equity dividend and to peers' preferred yields?
Will the dividend declaration signal any change in WellsâŻFargoâs credit outlook or capital adequacy ratios?
How might the convertible feature of Series L influence demand for the shares and potential dilution of common equity if conversion is exercised?
What is the expected impact on the liquidity and bidâask spread of the Series L preferred shares around the record and payable dates?
Are there any tax or regulatory implications for investors holding the Series L preferred shares that could affect demand?
Will the dividend payout affect WellsâŻFargoâs cash flow or liquidity position in the short term?