Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O Goes Ex-Dividend Soon

On 5/29/13, Wells Fargo & Co.'s Non-Cumulative Perpetual Class A Preferred Stock, Series O (NYSE: WFC.PRO) will trade ex-dividend, for its quarterly dividend of $0.3203, payable on 6/17/13. As a percentage of WFC.PRO's recent share price of $25.64, this dividend works out to approximately 1.25%, so look for shares of WFC.PRO to trade 1.25% lower -- all else being equal -- when WFC.PRO shares open for trading on 5/29/13. On an annualized basis, the current yield is approximately 4.98%, which comp...