Wells Fargo 5.85% Fixed to Floating Non Cumulative Preferred
By: Tim McPartland,
S&P Rating BBB+ Moodys Rating Baa3
Security Ticker Symbol WFC-Q
Market Traded ON NYSE
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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
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Tim McPartland
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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.
