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

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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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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