Wells Fargo & Company Declares Cash Dividends on Preferred Stock

SAN FRANCISCO, August 20, 2021–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on 10 series of preferred stock.

A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual class A convertible preferred stock, Series L, liquidation preference $1,000 per share, which trades on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative Perpetual Preferred Shares A, Series O, liquidation preference $25,000 per share. This dividend is equal to $0.32031 per share held in custody, each representing a 1/1,000 interest in a share of the Series O Preferred Shares traded on the New York Stock Exchange under the symbol “WFCPrO”. The Series O dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $365.63 per share was declared on its 5.85% fixed-to-floating non-cumulative class A perpetual preferred stock, Series Q, liquidation preference $25,000 per share. This dividend is equal to $0.36563 per share held, each representing a 1/1,000 interest in a share of the Series Q Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrQ”. The Series Q dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating non-cumulative Class A perpetual preferred stock, Series R, liquidation preference $25,000 per share. This dividend is equal to $0.41406 per share held, each representing a 1/1,000 interest in a share of Series R Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrR”. The Series R dividend will be payable on September 15, 2021 to holders of a record as of the close of business on August 31, 2021.

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A quarterly cash dividend of $343.75 per share was declared on its 5.50% non-cumulative A Perpetual Preferred Shares, Series X, liquidation preference $25,000 per share. This dividend is equivalent to $0.34375 per share held, each representing a 1/1,000 interest in a share of the Series X Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrX”. The Series X dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $351.56 per share was declared on its 5.625% non-cumulative A Series Y Perpetual Preferred Shares, liquidation preference $25,000 per share. This dividend is equal to $0.35156 per share held, each representing a 1/1,000 interest in a share of the Series Y Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $296.88 per share was declared on its 4.75% non-cumulative A Series Z Perpetual Preferred Stock, Liquidation Preference $25,000 per share. This dividend is equal to $0.29688 per share held in custody, each representing a 1/1,000 interest in a share of Series Z Preferred Stock traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $293.75 per share was declared on its 4.70% Non-cumulative Perpetual Preferred Shares A, Series AA, liquidation preference $25,000 per share. This dividend is equal to $0.29375 per share held in custody, each representing a 1/1,000 interest in a share of the Series AA Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $273.44 per share was declared on its 4.375% non-cumulative perpetual preference shares A, Series CC, liquidation preference $25,000 per share. This dividend is equal to $0.27344 per custodial share, each representing a 1/1,000 interest in a share of CC Series Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

A quarterly cash dividend of $141.67 per share was declared on its 4.25% non-cumulative A Perpetual Preferred Shares, Series DD, liquidation preference $25,000 per share. This dividend is equal to $0.14167 per share held in custody, each representing a 1/1,000 interest in a share of the DD Series Preferred Stock, traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend will be payable on September 15, 2021 to holders of a record as of the close of trading on August 31, 2021.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $1.9 trillion in assets, proudly serving one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading mid-market banking provider. in the US We offer a diversified range of banking, investment and mortgage products and services, as well as consumer and commercial financing, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking and Wealth & Investment Management. Wells Fargo was ranked number 37 on the Fortunes 2021 ranking of America’s largest companies. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at: Wells Fargo Stories.

Additional information can be found at: www.wellsfargo.com | Twitter: @Wells Fargo.

News item Category: WF-CF

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