Wells Fargo & Co (NYSE:WFC) Declares Quarterly Cash-Dividend


Dallas, Texas 11/19/2013 (Financialstrend) – Wells Fargo & Co (NYSE:WFC) has declared a quarterly cash-dividend of $20.00 / share on its 8.00% non-cumulative perpetual class-A preferred stock, Series-J. The liquidation preference is $1,000 / share. This dividend is equivalent to $0.50/ depositary share, each of which represents a 1/40th interest in the share of Series-J preferred stock, which are traded on the NYSE under the “WFCPrJ. Symbol. This Series-J dividend is payable on 16th December 2013, to the holders of record as of 29th November 2013.

Monday’s trading

In Monday’s trading session, Wells Fargo & Co (NYSE:WFC) dropped by 0.30%. The shares opened at a price of $43.58, which touched the intraday high of $43.72 and headed to a close of $43.41. Around 13.12 million exchanged hands over the trading day and an average volume of 18.64 million shares were traded over a 30 day period. The 52-week low of Wells Fargo & Co (NYSE:WFC) shares is $31.40 and its 52-week high is $44.78. The company has a market capitalization of $228.67 billion.                                        

About the company

Wells Fargo & Co (NYSE:WFC) is a bank-holding company. It is also a diversified financial-services company and has 3 operating segments: first- Community Banking, second- Wholesale Banking and Wealth, and third- Brokerage and Retirement. Wells Fargo & Co (NYSE:WFC) provides commercial, retail & corporate banking services via  banking stores & offices, the Internet & other distribution -channels to various businesses, individuals and institutions in all the 50 states, the District of Columbia as well as in many other countries. Wells Fargo & Co (NYSE:WFC) provides numerous other financial services via its subsidiaries that are all involved in various businesses, primarily the mortgage banking, wholesale banking, consumer finance, equipment-leasing, agricultural finance, commercial-finance, securities brokerage &investment banking, insurance-agency & brokerage services, computer & data processing services, trust-services, investment advisory-services, mortgage-backed securities servicing as well as venture capital investment.