In trading on July 21, shares of Wells Fargo’s (NYSE:$WFC) 6.375% Cumulative Perpetual Preferred Stock, Series A (WFE.PRA) crossed the 6% yield mark based on its quarterly dividend, with shares changing hands as low as $26.40. According to Preferred Stock Channel, this compares to an average yield mark of 5.45% in the “Financial” preferred stock division. At last close, WFE.PRA traded at a 6.64% premium to its liquidation preference amount, versus the average premium of 7.26% in the “Financial” division.

Below is a dividend history chart for Wells Fargo’s WFE.PRA. The chart shows historical dividend payments on the company’s 6.375% Cumulative Perpetual Preferred Stock, Series A:

In Friday trading, Wells Fargo’s WFE.PRA is currently off roughly 0.5% on the day, while the common shares are off nearly 0.8%.

Featured Image: twitter

Author Caroline Harris

About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.