Wells Fargo's Preferred Stock, Series Q Yield Pushes Past 5.5%
May 24, 2016 at 14:39 PM EDT
In trading on Tuesday, shares of Wells Fargo & Co.'s 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q (WFC. RQ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $26.56 on the day.