Wells Fargo's Preferred Stock, Series R Shares Cross 6.5% Yield Mark
May 17, 2022 at 15:00 PM EDT
In trading on Tuesday, shares of Wells Fargo & Co's 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (WFC. RR) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.41 on the day.