Wells Fargo Preferred Stock Overview and Buying Guide

Author

Reads 385

Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.
Credit: pexels.com, Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.

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

Credit: youtube.com, Common vs Preferred Stock - What is the Difference?

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.

Allison Emmerich

Senior Writer

Allison Emmerich is a seasoned writer with a keen interest in technology and its impact on daily life. Her work often explores the latest trends in digital payments and financial services, with a particular focus on mobile payment ATMs. Based in a bustling urban center, Allison combines her technical knowledge with a knack for clear, engaging prose to bring complex topics to a broader audience.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.