Wells Fargo 5.85% Fixed to Floating Non Cumulative Preferred

By: ,

S&P Rating   BBB+   Moodys Rating   Baa3

Security Ticker Symbol   WFC-Q

Market Traded ON   NYSE


Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2013

Quarterly Dividend   .366   Annual Dividend   1.4625

Securities may be redeemed, at the issuers option, as early as 9/15/2023 for a redemption price of $25/share plus accrued dividends

After 9/15/2023 dividend rate will change to 3 month libor plus 3.09%

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date   None


Company Investor Relations Page for Wells Fargo

Below you can find the offering Prospectus and Final Pricing Document


Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
Search Dividend Investor