Wells Fargo Ekes up as Preferred Stock Reporting Dividends

Wells Fargo & Company (NYSE: WFC) shares just cleared breakeven Friday, on word of dividends on six series of preferred stock.

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 June 16, to holders of record as of the close of business on May 30.

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 June 16 to holders of record as of the close of business on May 30.

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.

Common shares in the banking giant acquired 14 cents first thing Friday morning to $75.77.