|
Featured MNV Articles:
| Wells Fargo's Preferred Stock Series AA Shares Cross 6.5% Yield MarkBy Preferred Stock Channel Staff, Monday, July 17, 2:08 PM ET
In trading on Monday, shares of Wells Fargo & Co's 4.70% Dep Shares Non-Cumul Class A Preferred Stock Series AA (NYSE:WFC.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.175), with shares changing hands as low as $18.00 on the day. This compares to an average yield of 6.90% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WFC.PRA was trading at a 26.92% discount to its liquidation preference amount, versus the average discount of 14.24% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of WFC.PRA shares, versus WFC:
Below is a dividend history chart for WFC.PRA, showing historical dividend payments on Wells Fargo & Co's 4.70% Dep Shares Non-Cumul Class A Preferred Stock Series AA:
Free Report: Top 8%+ Dividends (paid monthly) In Monday trading, Wells Fargo & Co's 4.70% Dep Shares Non-Cumul Class A Preferred Stock Series AA (NYSE:WFC.PRA) is currently down about 1% on the day, while the common shares (NYSE:WFC) are up about 3.2%.
This Article's Word Cloud:
Arial
Below
Channel
Class
Cumul
Dividends
Fargo
Financial
Free
Investors
Juicy
Monday
More
NYSE
Preferred
Report
Series
Shares
Start
Stock
Stocks
This
Wells
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
balance
based
before
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
|