WFC-R Wells Fargo ADRs of Preferred Class A Series R Fixed To Floating
Dividends on the Series R 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 per share, on a non-cumulative basis, quarterly in arrears on the 15th day of March, June, September and December, commencing March 15, 2014. From the date of issuance to, but excluding, March 15, 2024, dividends will accrue at an annual rate of 6.625%, and from, and including, March 15, 2024, dividends will accrue at an annual rate equal to three-month LIBOR plus 3.69%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the Series R Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not accrue or be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series R Preferred Stock are declared for any future dividend period. The Series R Preferred Stock may be redeemed by us at our option in whole, or in part, on March 15, 2024, or any dividend payment date thereafter, at a redemption price equal 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.
$24.07 +0.02 (0.08%)
As of 03/27/2023 11:39:20 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks—Diversified
Index country: USA
Country of incorporation: USA
IPO date: 12/13/2013
Outstanding shares: 30,000,000
Average volume: 113,844
Market cap: $778,500,000
Current dividend yield: 6.38% calculation
Initial coupon rate: 6.625%
Spread to LIBOR: 0.036900
Cumulative: No
Liquidation value: $25.00
Callable after: 03/15/2024
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: BH7Y8S7