How To Buy Wells Fargo Preferred Stock

Preferred stocks typically pay out fixed regular dividends but they generally don t offer the growth potential of common stocks.

How to buy wells fargo preferred stock. Like most companies wells fargo issues trust preferred preferred and depository shares of its stock through the capital issuance business. For example if a company goes bankrupt or is dissolved a preferred stock shareholder will have dibs on assets before common stock shareholders. Most of these are listed on the new york stock exchange but some are set up as private transactions. The challenge is understanding the terms of the preferred securities that best suit your needs.

Wfc today announced dividends on 12 series of preferred stock. Wfc prw were yielding above the 5 5 mark based on its quarterly dividend. Try the wells fargo advisors mutual fund screener to research thousands of mutual funds across different asset classes morningstar categories sectors and risk tolerance levels. Bank of america corp.

But because wells fargo preferred stock typically yields 5 or 6 there isn t much opportunity for preferred stock investors to bid the preferred stock to unreasonable levels if wells fargo preferred stock traded at a 3 or 4 yield investors could just buy something like a treasury bond or high quality common stock that yields just as much. Wfc prl were yielding above the 5 5 mark based on its. A quarterly cash dividend of 18 75 per share was declared on its 7 50 non cumulative perpetual. Among the 30 largest corporations in america by market capitalization the only ones that do offer preferred stocks are the big four banks wells fargo co.

Wells fargo company nyse. In trading on thursday shares of wells fargo co s 7 50 non cumulative perpetual convertible class a preferred stock series l symbol. Wells fargo capital issuances include preferred stock depositary shares representing interests in shares of preferred stock and trust preferred securities some of which are listed on the new york stock exchange as well as private transactions. In trading on wednesday shares of wells fargo co s non cumulative perpetual class a preferred stock series w symbol.

In the event of liquidation holders of wells fargo dep shares will be entitled to receive before any distribution is made to the holders of common stock or any other junior stock but after any distribution to any other class or series of wells fargo preferred stock issued in exchange for preferred stock established by the wachovia board of.