Wells Fargo Preferred Stock, Series Y Shares Exceed 6% Yield

In Thursday’s trading, shares of Wells Fargo & Co’s Non-Cumulative Perpetual Class A Preferred Stock, Series Y (symbol: WFC.PRY) yielded above the 6% mark based on a quarterly dividend ($1.4062 annualized) . The lowest price of the day is $23.26. This compares to an average yield of 6.23% for the “financial” preferred stock category. Preferred stock channelAt the time of the last close, WFC.PRY was trading at a 5.12% discount to the liquidation priority, against an average discount rate of 7.40% for the ‘financials’ category. Investors should keep in mind that stocks are not. CumulativeThis means that in the event of a delinquent payment, the company does not have to pay the preferred shareholders the balance of the outstanding dividends before resuming the regular dividend.


Below is the dividend history chart for WFC.PRY, showing historical dividend payouts for Wells Fargo & Co Non-Cumulative Perpetual Class A Preferred Stock, Series Y.


In Thursday’s trading, Wells Fargo & Co’s Non-Cumulative Perpetual Class A Preferred Stock, Series Y (Symbol: WFC.PRY) is currently at approximately 1.6% off today and its common stock (Symbol: WFC) is currently at approximately 2.3% off. . .

Click here to see the 50 highest yielding priorities »

See also

BDCs being bought by hedge funds

Fund holding MTCH

Top 10 hedge funds holding USV

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/wells-fargos-preferred-stock-series-y-shares-cross-6-yield-mark-1 Wells Fargo Preferred Stock, Series Y Shares Exceed 6% Yield

Exit mobile version