Wells Fargo's Preferred Stock, Series L Shares Cross 5% Yield Mark
October 11, 2019 at 14:07 PM EDT
In trading on Friday, shares of Wells Fargo & Co's 7.50% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L (WFC. RL) were yielding above the 5% mark based on its quarterly dividend (annualized to $75.00), with shares changing hands as low as $1497.05 on the day.