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%.
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