Wells Fargo & Company Declares Cash Dividend on Preferred Stock | Your money

SAN FRANCISCO–(BUSINESS WIRE)–May 13, 2022–

Wells Fargo & Company (NYSE: WFC) today announced dividends on eight series of preferred shares.

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Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)

A quarterly cash dividend of $18.75 per share has been declared on its 7.50% Perpetual Non-Cumulative Convertible Preferred Shares, Series L, Liquidation Preference of $1,000 per share, which trades on the New York Stock Exchange. York under the symbol “WFCPrL”. The Series L dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $365.63 per share has been declared on its 5.85% Class A Non-Cumulative Perpetual Fixed to Floating Preferred Shares, Series Q, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.36563 per depository share, each representing a 1/1,000 interest in a Series Q Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrQ”. The Series Q dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $414.06 per share has been declared on its 6.625% Class A Non-Cumulative Perpetual Fixed to Floating Preferred Shares, Series R, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.41406 per depositary share, each representing a 1/1,000 interest in a Series R Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrR”. The Series R dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $351.56 per share has been declared on its 5.625% Class A Non-Cumulative Perpetual Preferred Shares, Series Y, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.35156 per depositary share, each representing a 1/1,000 interest in a Series Y Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $296.88 per share has been declared on its 4.75% Class A Non-Cumulative Perpetual Preferred Shares, Series Z, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.29688 per depositary share, each representing a 1/1,000 interest in a Series Z Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $293.75 per share has been declared on its 4.70% Class A Non-Cumulative Perpetual Preferred Shares, Series AA, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.29375 per depositary share, each representing a 1/1,000 interest in a Series AA Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $273.44 per share has been declared on its 4.375% Class A Non-Cumulative Perpetual Preferred Shares, Series CC, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.27344 per depository share, each representing a 1/1,000 interest in a Series CC Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

A quarterly cash dividend of $265.63 per share has been declared on its 4.25% Class A Non-Cumulative Perpetual Preferred Shares, Series DD, Liquidation Preference of $25,000 per share. This dividend is equivalent to $0.26563 per depository share, each representing a 1/1,000 interest in a Series DD Preferred Share, which trades on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on June 15, 2022 to holders of record at the close of business on May 31, 2022.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serves one in three American households and more than 10% of small businesses in the United States, and is a leading provider of middle market banking services. in the United States We offer a diverse set of banking, investment and mortgage products and services, as well as consumer and commercial finance services, through our four reportable operating segments: Consumer and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Management. Wells Fargo ranked No. 37 in Fortune’s 2021 ranking of America’s largest companies. In the communities we serve, the company focuses its social impact on building a sustainable and inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. carbon. Wells Fargo news, insights and insights are also available at Wells Fargo Stories.

Additional information can be found at www.wellsfargo.com | Twitter: @Wells Fargo.

Press release category: WF-CF

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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Wells Fargo & Company

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PUBLISHED: 05/13/2022 08:00/DISC: 05/13/2022 08:02

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