WFC-C Wells Fargo & Company ADRs of 4.375% Non-Cumulative Class A Preferred, Series CC

Dividends on the Series CC Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board, will accrue and be payable on the liquidation preference amount of $25,000 per share, on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December of each year, commencing on March 15, 2021, at a rate per annum equal to 4.375%. The Series CC Preferred Stock may be redeemed by us at our option in whole, or in part, on March 15, 2026, or on any dividend payment date thereafter, at a redemption price equal to $25,000 per share of Series CC Preferred Stock (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends, without accumulation of any undeclared dividends.  This security was issued by Wells Fargo, whose common stock symbol is WFC.

$17.82  +0.29 (1.65%)
As of 03/27/2023 09:59:19 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  02/03/2021
Outstanding shares:  40,000,000
Average volume:  71,171
Market cap:   $740,000,000
Current dividend yield:  5.91%    calculation
Coupon rate:    4.375%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   03/15/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BL5C513