Wells Fargo Announces Dividends on Six Series of Preferred Stock

Strategic Insights -

Wells Fargo & Company, a leading financial services company, announced dividends on six series of preferred stock. The dividends are payable to holders of record as of the close of business on May 30, 2025. The quarterly cash dividends are declared for the following series: 7.50% noncumulative perpetual convertible class A preferred stock, Series L; 5.625% noncumulative perpetual class A preferred stock, Series Y; 4.75% noncumulative perpetual class A preferred stock, Series Z; 4.70% noncumulative perpetual class A preferred stock, Series AA; 4.375% noncumulative perpetual class A preferred stock, Series CC; and 4.25% noncumulative perpetual class A preferred stock, Series DD.

Key Takeaways:

  • Wells Fargo declared dividends on six series of preferred stock: Series L, Y, Z, AA, CC, and DD.
  • The dividends are payable to holders of record as of the close of business on May 30, 2025.
  • The quarterly cash dividends are $18.75, $351.56, $296.88, $293.75, $273.44, and $265.63 per share, respectively.
  • The Series L dividend is the largest, with a value of $18.75 per share, while the Series DD dividend is the smallest, with a value of $265.63 per share.
  • The dividends are payable on June 16, 2025, to holders of the corresponding series of preferred stock.
  • Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets.
  • The company provides a diversified set of banking, investment, and mortgage products and services through its four reportable operating segments.

Statistics:

  • Dividends declared for Series L: $18.75 per share
  • Dividends declared for Series Y: $351.56 per share
  • Dividends declared for Series Z: $296.88 per share
  • Dividends declared for Series AA: $293.75 per share
  • Dividends declared for Series CC: $273.44 per share
  • Dividends declared for Series DD: $265.63 per share
  • Total assets: approximately $1.9 trillion
  • Number of operating segments: 4

Sources:

  • Businesswire.com: "Wells Fargo Announces Dividends on Six Series of Preferred Stock"
  • Wellsfargo.com: "About Us"
  • LinkedIn.com: "Wells Fargo"