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WFC-Y Wells Fargo ADRs of 5.625% Non-Cumulative Class A Preferred Series Y

Dividends on the Series Y 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 of each year, commencing on June 15, 2017, at a rate per annum equal to 5.625%. If our board of directors or a duly authorized committee of the board has not declared a dividend on the Series Y 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 Y Preferred Stock are declared for any future dividend period. The Series Y Preferred Stock may be redeemed by us at our option in whole, or in part, on June 15, 2022, or on 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.

$22.83  +0.49 (2.19%)
As of 03/27/2023 09:47:22 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:  04/18/2017
Outstanding shares:  12,415,968
Average volume:  46,734
Market cap:   $301,956,342
Current dividend yield:  5.79%    calculation
Coupon rate:    5.630%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/15/2022
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:      BYQHXS1

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