Wells Fargo 6.625% Non Cumulative Fixed to Floating Rate Perpetual Preferred Stock

By: ,

S&P Rating   BBB+   Moodys Rating   Baa3

Security Ticker Symbol   WFC-R

Market Traded ON   NYSE

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Dividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2014

Quarterly Dividend   .414   Annual Dividend   1.656

Securities may be redeemed, at the issuers option, as early as 3/15/2024 for a redemption price of $25/share plus accrued dividends

After 3/15/2024 dividend rate will change to 3 month libor plus 3.69%

Dividend Payment Will Likely be a Qualified Distribution

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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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