Cash Dividend On The Way From Wells Fargo's Non-cumulative Exchangeable Perpetual Series A Preferred Securities

On 6/13/13, Wells Fargo & Co.'s 7.25% Non-cumulative Exchangeable Perpetual Series A Preferred Securities (NYSE: WNA.PR) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 7/1/13. As a percentage of WNA.PR's recent share price of $27.60, this dividend works out to approximately 1.64%, so look for shares of WNA.PR to trade 1.64% lower -- all else being equal -- when WNA.PR shares open for trading on 6/13/13. On an annualized basis, the current yield is approximately 6.58%, ...