Wells Fargo Sells New Non Cumulative Preferred Stock Issue

By: ,

Wells Fargo has sold a new non cumulative preferred stock issue.

The issue is investments grade and carries a coupon of 6%—not a huge coupon, but a super solid banking company. The issue is perpetual so will show some price movement when/if interest rates begin to rise.  A long term, conservative investor could sleep well at night with this issue if they are income investors with less concern on capital movement.

Details of the issue are here.

FREE REPORT
X
Bryan Perry Dividend Income Expert Bryan Perry

Earn 8% on this "Government Mandated Income Opportunity"

X

Search Dividend Investor