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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

February 15, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Feb 15, 2019--Wells Fargo & Company (NYSE: WFC) today announced dividends on 11 series of preferred stock.

A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $325.00 per share was declared on its 5.20% non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share. This dividend equals $0.325 per depositary share, each representing a 1/1,000th interest in a share of Series N preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrN”. The Series N dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share. This dividend equals $0.32031 per depositary share, each representing a 1/1,000th interest in a share of Series O preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrO”. The Series O dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $328.13 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share. This dividend equals $0.32813 per depositary share, each representing a 1/1,000th interest in a share of Series P preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrP”. The Series P dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $365.63 per share was declared on its 5.85% non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share. This dividend equals $0.36563 per depositary share, each representing a 1/1,000th interest in a share of Series Q preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrQ”. The Series Q dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $414.06 per share was declared on its 6.625% non-cumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share. This dividend equals $0.41406 per depositary share, each representing a 1/1,000th interest in a share of Series R preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrR”. The Series R dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $375.00 per share was declared on its 6.00% non-cumulative perpetual class A preferred stock, Series T, liquidation preference $25,000 per share. This dividend equals $0.375 per depositary share, each representing a 1/1,000th interest in a share of Series T preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrT”. The Series T dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $375.00 per share was declared on its 6.00% non-cumulative perpetual class A preferred stock, Series V, liquidation preference $25,000 per share. This dividend equals $0.375 per depositary share, each representing a 1/1,000th interest in a share of Series V preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrV”. The Series V dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $356.25 per share was declared on its 5.70% non-cumulative perpetual class A preferred stock, Series W, liquidation preference $25,000 per share. This dividend equals $0.35625 per depositary share, each representing a 1/1,000th interest in a share of Series W preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrW”. The Series W dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $343.75 per share was declared on its 5.50% non-cumulative perpetual class A preferred stock, Series X, liquidation preference $25,000 per share. This dividend equals $0.34375 per depositary share, each representing a 1/1,000th interest in a share of Series X preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrX”. The Series X dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

A quarterly cash dividend of $351.56 per share was declared on its 5.625% non-cumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000th interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on March 15, 2019, to holders of record as of the close of business on Feb. 28, 2019.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190215005444/en/

CONTACT: Media Contact

Peter Gilchrist, 704-715-3213

peter.gilchrist@wellsfargo.com

or

Investor Relations

John Campbell, 415-396-0523

john.m.campbell@wellsfargo.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Wells Fargo & Company

Copyright Business Wire 2019.

PUB: 02/15/2019 12:49 PM/DISC: 02/15/2019 12:48 PM

http://www.businesswire.com/news/home/20190215005444/en