WFC-P-L: WELLS FARGO & COMPANY/MN 7.5% Series L Preferred Stock

WFC-P-L →

WELLS FARGO & COMPANY/MN's WFC-P-L is an exchange-traded preferred stock in the Banks sector.

At a recent price of $1155.36, WFC-P-L yields 6.49% on its $1000 liquidation preference and 7.5% coupon.

It trades at a premium of 15.5% to par.

The issue is non-cumulative, perpetual (no stated maturity), convertible.

Distributions are paid quarterly.

Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.

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This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at

A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.

Key terms

YieldAnnual income as a % of the price. Higher means more income — but check why a yield is unusually high.

ParThe face value, almost always $25 — the price the company can redeem the share at.

Discount / PremiumWhether the share trades below par (a discount) or above it (a premium).

Call dateThe first date the company is allowed to buy the share back from you at par.

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This is information, not investment advice.