Cash Dividend On The Way From Wells Fargo Non-Cumulative Perpetual Class A Preferred Stock, Series J

On 8/27/14, 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 9/15/14. As a percentage of WFC.PRJ's recent share price of $29.94, this dividend works out to approximately 1.67%, so look for shares of WFC.PRJ to trade 1.67% lower — all else being equal — when WFC.PRJ shares open for trading on 8/27/14. On an annualized basis, the current yield is approximately 6.68%, whic...