Wells Fargo & Co. Declares Cash Dividends On Preferred Stock

Wells Fargo & Co. announced dividends on two series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock. The Series J dividend is payable on March 15, 2012, to holders of record as of the close of business on Feb. 29, 2012. A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share. The Series L dividend is payable on March 15, 2012, to holders of record as of the close of business on Feb. 29, 2012.