Wells Fargo 5.70% Non-Cumulative Perpetual Class A Preferred Stock, Series W

By: ,

Date Issued  1/19/2016

Shares Offered  35,000,000 Overallotment Shares 5,000,000

S&P Rating   BBB   Moodys Rating   Baa2

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Security Ticker Symbol   WFC-W  OTC Temp Ticker  WLGGP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016

Quarterly Dividend   .356   Annual Dividend   1.425

Securities may be redeemed, at the issuers option, as early as 3/15/2021 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

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Below you can find the offering Prospectus and Final Pricing Document

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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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