Wells Fargo's Preferred Stock, Series R Shares Cross 6% Yield Mark

In trading on Tuesday, shares of Wells Fargo & Co.'s 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (WFC. RR) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $27.35 on the day.