Wells Fargo's Preferred Stock, Series R Shares Cross 5.5% Yield Mark

In trading on Friday, shares of Wells Fargo & Co.'s 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (NYSE: WFC.PRR) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $30.03 on the day. This compares to an average yield of 5.44% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, WFC.PRR was trading at a 20.76% premium to its liqui...