San Francisco – August 15, 2025 – Wells Fargo & Company has confirmed that it will issue quarterly cash dividends on six separate series of its preferred stock, reaffirming its consistent payout strategy and its focus on delivering shareholder value.
Shareholders on record by the end of August 29, 2025, can expect to see their dividend payments arrive on September 15, 2025. This announcement covers a broad range of preferred stock offerings, each with its own terms and rates, reflecting the bank’s diverse capital structure.
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For the 7.50% Noncumulative Perpetual Convertible Class A Preferred Stock, Series L , Wells Fargo declared a quarterly dividend of $18.75 per share. This series carries a liquidation preference of $1,000 per share, making it a high-yield option for investors seeking steady income.
The 5.625% Noncumulative Perpetual Class A Preferred Stock, Series Y will return $351.56 per share, translating to $0.35156 per depositary share. Each depositary share represents a 1/1,000 interest in a full Series Y share.
For the 4.75% Noncumulative Perpetual Class A Preferred Stock, Series Z (NYSE: WFCPrZ), shareholders will receive $296.88 per share, or $0.29688 per depositary
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The 4.70% Noncumulative Perpetual Class A Preferred Stock, Series AA (NYSE: WFCPrA) has been allocated a dividend of $293.75 per share, or $0.29375 per depositary share.
Meanwhile, the 4.375% Noncumulative Perpetual Class A Preferred Stock, Series CC will distribute $273.44 per share, or $0.27344 per depositary share.
Lastly, the 4.25% Noncumulative Perpetual Class A Preferred Stock, Series DD will provide $265.63 per share, equivalent to $0.26563 per depositary share.
These preferred stock dividends are noncumulative, meaning missed payments are not carried forward, but they are generally prioritized over common stock dividends. They represent a steady income stream for investors who value stability over high-risk capital appreciation.
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Industry analysts note that Wells Fargo’s commitment to maintaining these dividend payouts signals both its financial health and its intent to preserve investor confidence during a period of evolving market conditions. Preferred shares, often favored by income-focused portfolios, continue to offer a blend of predictable returns and reduced volatility compared to common stock holdings.
With this declaration, Wells Fargo reinforces its reputation for reliability in income distribution, a factor that could appeal to both institutional and retail investors heading into the final quarter of 2025.
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Source: businesswire