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On 5/26/16, Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (Symbol: WFC.PRO) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 6/15/16. As a percentage of WFC.PRO's recent share price of $25.79, this dividend works out to approximately 1.24%, so look for shares of WFC.PRO to trade 1.24% lower - all else being equal - when WFC.PRO shares open for trading on 5/26/16. On an annualized basis, the current yield is approximately 4.97%, which compares to an average yield of 5.46% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of WFC.PRO shares, versus WFC:

Below is a dividend history chart for WFC.PRO, showing historical dividends prior to the most recent $0.3203 on Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O :

According to the ETF Finder at ETF Channel, Wells Fargo & Co. (Symbol: WFC) makes up 10.81% of the iShares U.S. Financial Services ETF ( IYG ) which is trading higher by about 2% on the day Tuesday.
In Tuesday trading, Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (Symbol: WFC.PRO) is currently up about 0.1% on the day, while the common shares (Symbol: WFC) are up about 1.1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.