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

On 8/28/13, Wells Fargo & Co.'s 8.00% Non-Cumulative Perpetual Class A Preferred Stock, Series J (NYSE: WFC.PRJ) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/16/13. As a percentage of WFC.PRJ's recent share price of $28.62, this dividend works out to approximately 1.75%, so look for shares of WFC.PRJ to trade 1.75% lower ? all else being equal ? when WFC.PRJ shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 7.02%, which co...