Wells Fargo & Company Declares Preferred Stock Dividends

Strategic Insights -

Wells Fargo & Company, a leading multinational financial services company, has recently announced the declaration of quarterly cash dividends on six series of its preferred stock. This announcement reflects the company's commitment to maintaining a strong track record of dividend payouts, providing stability and security to its investors. The preferred stock dividends are declared at various rates, ranging from 4.25% to 7.50%, and will be payable to holders of record as of May 30, 2025. This development is significant, as it underscores Wells Fargo's focus on delivering value to its shareholders and contributing to the growth of the financial services industry.

Key Takeaways:

  • Wells Fargo & Company has declared quarterly cash dividends on six series of its preferred stock.
  • The company has declared a dividend of USD18.75 per share on its 7.50% series L non-cumulative perpetual convertible class A preferred stock.
  • The company has also declared dividends on other series of preferred stock, including its 5.625% series Y non-cumulative perpetual class A preferred stock, 4.75% series Z non-cumulative perpetual class A preferred stock, and others.
  • The preferred stock dividends will be payable on June 16, 2025 to holders of record as on May 30, 2025.
  • The dividends range from USD265.63 to USD351.56 per share, depending on the series and rate of preferred stock.
  • The dividend payouts are part of Wells Fargo's commitment to maintaining a strong track record of dividend payouts.

Statistics:

  • USD18.75: The dividend declared per share on the 7.50% series L non-cumulative perpetual convertible class A preferred stock.
  • USD351.56: The dividend declared per share on the 5.625% series Y non-cumulative perpetual class A preferred stock.
  • USD296.88: The dividend declared per share on the 4.75% series Z non-cumulative perpetual class A preferred stock.
  • June 16, 2025: The payment date for the preferred stock dividends.
  • May 30, 2025: The record date for holders who will receive the preferred stock dividends.

Sources:

  • M2 EQUITYBITES-May 19, 2025--Wells Fargo & Company declares preferred stock dividends
  • Source (C)2025 M2 COMMUNICATIONS
  • http://www.m2.co.uk
  • Global Banking News - 19 May 2025