WFC-Z Wells Fargo ADRs of 4.75% Non-Cumulative Perpetual Class A Preferred Stock, Series Z

Non-cumulative dividends paid on the 15th day of March, June, September and December of each year, commencing on March 15, 2020, if declared. On any dividend payment date on or after March 15, 2025, the Series Z Preferred Stock may be redeemed at the Issuer’s option, in whole, or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus an amount equal to any declared and unpaid dividends up to the redemption date, without accumulation of any undeclared dividends.  This security was issued by Wells Fargo, whose common stock symbol is WFC.

$18.97  +0.34 (1.83%)
As of 03/27/2023 11:22:57 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:  01/28/2020
Outstanding shares:  70,000,000
Average volume:  165,346
Market cap:   $1,411,200,000
Current dividend yield:  5.89%    calculation
Coupon rate:    4.750%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   03/15/2025
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:      BJVB6B7