Wells Fargo & Company 5.50% Non-Cumulative Perpetual Class A Preferred Stock, Series X

By: ,


Date Issued   6/8/2016

Shares Issued   40,000,000    Overallotment Shares  6,000,000


S&P Rating   BBB     Moodys Rating   Baa3

Security Ticker Symbol    WFC-X   OTC Grey Market   WLLPP

Market Traded ON NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2016

Quarterly Dividend   .343    Annual Dividend  1.375

Securities may be redeemed, at the issuers option, as early as 9/15/2021 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distribution

Maturity Date None

Company Investor Relations Page for Wells Fargo & Co


Click Here for the offering Prospectus


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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.
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