In trading on Friday, shares of Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (Symbol: WFC.PRO) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2812), with shares changing hands as low as $25.44 on the day. This compares to an average yield of 5.32% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, WFC.PRO was trading at a 4.16% premium to its liquidation preference amount, versus the average premium of 7.99% in the "Financial" category. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Below is a dividend history chart for WFC.PRO, showing historical dividend payments on Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O :
In Friday trading, Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (Symbol: WFC.PRO) is currently down about 2.3% on the day, while the common shares (Symbol: WFC) are down about 1.8%.