Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O Shares Cross 5% Yield Mark

In trading on Tuesday, shares of Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (NYSE: WFC.PRO) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2812), with shares changing hands as low as $25.61 on the day. This compares to an average yield of 4.97% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WFC.PRO was trading at a 2.88% premium to its liquidation preference amount, versus...