Wells Fargo 6% Non Cumulative Perpetual Class A Preferred Stock Series T
By: Tim McPartland,
Date Issued 7/14/2014
Shares Offered 28,000,000 Overallotment Shares 4,200,000
S&P Rating BBB+ Moodys Rating Baa3
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Security Ticker Symbol WFC-T OTC Temp Ticker WLRGP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2014
Quarterly Dividend .375 Annual Dividend 1.50
Securities may be redeemed, at the issuers option, as early as 9/15/2019 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
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Below you can find the offering Prospectus and Final Pricing Document
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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.
