Wells Fargo's preferred stock Series Z yields above 6%, trading at a discount

From Nasdaq.: 2025-01-13 15:10:26

Shares of Wells Fargo & Co’s 4.75% Dep Shares Non-Cumul Perp Cls A Preferred Stock Series Z (WFC.PRZ) were yielding above 6% with a quarterly dividend of $1.1875. The stock was trading at a 20.40% discount to its liquidation preference amount. WFC.PRZ is not cumulative, so missed payments do not have to be paid back before common dividends resume. In Monday trading, WFC.PRZ was down 0.9%, while common shares (WFC) were flat. For more information, visit Preferred Stock Channel.



Read more at Nasdaq.: Wells Fargo’s Preferred Stock Series Z Yield Pushes Past 6%