Wells Fargo 5.625% Non-Cumulative Perpetual Class A Preferred Stock, Series Y
By: Tim McPartland,
Date Issued 4/17/2017
Shares Issued 24,000,000 Overallotment Shares 3,600,000
S&P Rating BBB Moodys Rating Baa3
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Security Ticker Symbol WFC-Y OTC Grey Market WFGGP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 06/15/2017
Quarterly Dividend .352 Annual Dividend 1.406
Securities may be redeemed, at the issuers option, as early as 6/15/2022 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for Wells Fargo & Co
Click Here for the offering Prospectus
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
