WFC-P-L: WELLS FARGO & COMPANY/MN 7.5% Series L Preferred Stock
WELLS FARGO & COMPANY/MN's WFC-P-L is an exchange-traded preferred stock in the Banks sector.
At a recent price of $1185.64, WFC-P-L yields 6.33% on its $1000 liquidation preference and 7.5% coupon.
It trades at a premium of 18.6% to par.
The issue is non-cumulative, perpetual (no stated maturity), convertible.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.