Wells Fargo's Preferred Stock Series AA Crosses Above 5.5% Yield Territory

In trading on Friday, shares of Wells Fargo & Co's 4.70% Dep Shares Non-Cumul Class A Preferred Stock Series AA (WFC. RA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.175), with shares changing hands as low as $21.22 on the day.