
Wells Fargo's preferred stock is a type of fixed-income investment that offers a higher yield than common stock.
Wells Fargo's preferred stock has a fixed dividend rate, which is typically higher than the rate offered by common stock.
The dividend rate for Wells Fargo's preferred stock is around 5-6% per annum, which is attractive to income-seeking investors.
Investors can purchase Wells Fargo's preferred stock directly from the company or through a brokerage account.
Wells Fargo's preferred stock is a low-risk investment option, making it suitable for conservative investors.
Wells Fargo Preferred Stock Overview
Wells Fargo has issued several types of preferred stock over the years, each with its own unique features.
The company's preferred stock issuances are listed below:
The Dividend Equalization Preferred Shares, on the other hand, have a different set of features.
Wells Fargo Stock Information
As of Dec 31, 2024, Wells Fargo & Co's Preferred Shares Outstanding amounts to 4.1m USD.
The company's Preferred Shares Outstanding growth was 0% over the last year.
Wells Fargo & Co has experienced an average annual Preferred Shares Outstanding growth rate of -5% over the past three years.
The Preferred Shares Outstanding growth rate for the past five years has been -10%.
How to Buy Preferred Stock
To buy preferred stock, you'll need to open an account with a brokerage firm like Fidelity. Open an account, fund it, and then you can place an order to buy the preferred stock.
Wells Fargo is offering $1B in preferred stock yielding 6%. This means you can potentially earn 6% interest on your investment.
You can place an order online or over the phone, depending on your preference and the brokerage firm's policies. Some firms may have minimum order requirements or other restrictions.
The preferred stock offering is for $1B, so you can buy a portion of it if you'd like. You can also consider diversifying your portfolio by investing in other types of stocks or bonds.
Wells Fargo Outstanding
Wells Fargo's Preferred Shares Outstanding amounts to 4.1m USD, based on the financial report for Dec 31, 2024.
The Preferred Shares Outstanding growth over the last year was 0%.
Wells Fargo's average annual Preferred Shares Outstanding growth rates have been -5% over the past three years.
The company's Preferred Shares Outstanding growth rate has been negative for the past five years, at -10%.
Wells Fargo's Preferred Shares Outstanding growth rate has been -9% over the past ten years.
Frequently Asked Questions
Does BAC have preferred stock?
Yes, BAC has preferred stock, represented by depositary shares that pay a quarterly cash dividend if declared. For more details, see Press Releases and Quarterly Earnings.
Sources
- https://www.sapling.com/5272200/buy-wells-fargo-preferred-stock
- https://money.stackexchange.com/questions/55036/how-do-i-buy-wells-fargos-1b-preferred-stock-offering
- https://www.wellsfargo.com/about/investor-relations/preferred-stock/
- https://www.alphaspread.com/security/nyse/wfc/financials/balance-sheet/preferred-shares-outstanding
- https://www.stocktitan.net/news/WFC/wells-fargo-company-declares-cash-dividends-on-preferred-tipac1lloute.html
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