Wells Fargo 6.625% Non Cumulative Fixed to Floating Rate Perpetual Preferred Stock
By: Tim McPartland,
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