Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Rhea-AI Summary

Wells Fargo (NYSE: WFC) has announced dividend declarations for six series of preferred stock, all payable on March 17, 2025, to holders of record as of February 28, 2025. The dividends include:

- Series L: $18.75 per share (7.50% noncumulative perpetual convertible)
- Series Y: $351.56 per share (5.625% noncumulative perpetual), equal to $0.35156 per depositary share
- Series Z: $296.88 per share (4.75% noncumulative perpetual), equal to $0.29688 per depositary share
- Series AA: $293.75 per share (4.70% noncumulative perpetual), equal to $0.29375 per depositary share
- Series CC: $273.44 per share (4.375% noncumulative perpetual), equal to $0.27344 per depositary share
- Series DD: $265.63 per share (4.25% noncumulative perpetual), equal to $0.26563 per depositary share

Positive

• Consistent dividend payments across all preferred stock series indicating financial stability
• Maintenance of high-yield preferred stock dividends ranging from 4.25% to 7.50%

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.

Exterior of a Wells Fargo bank. (Photo: Wells Fargo)

A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214787310/en/

Media

Beth Richek, 980-308-1568

Beth.Richek@wellsfargo.com



Investor Relations

Tanya Quinn, 415-396-7495

tanya.quinn@wellsfargo.com

Source: Wells Fargo & Company

FAQ

When will Wells Fargo (WFC) pay its preferred stock dividends for March 2025?

Wells Fargo will pay its preferred stock dividends on March 17, 2025, to holders of record as of February 28, 2025.

What is the dividend amount for Wells Fargo's Series L preferred stock (WFCPrL)?

Wells Fargo's Series L preferred stock will pay a quarterly cash dividend of $18.75 per share.

How much is the dividend yield for Wells Fargo's Series Y preferred stock (WFCPrY)?

Wells Fargo's Series Y preferred stock has a 5.625% yield, paying $351.56 per share quarterly, or $0.35156 per depositary share.

Which Wells Fargo preferred stock series offers the highest dividend yield in 2025?

Series L offers the highest dividend yield at 7.50%, followed by Series Y at 5.625%.

What is the liquidation preference for Wells Fargo's preferred stock series?

Most series have a liquidation preference of $25,000 per share, except Series L which has a $1,000 per share preference.