Description:

WFC-PD refers to Wells Fargo & Company's Preferred Stock, Depositary Shares, each representing a 1/400th interest in a share of 6.25% Non-Cumulative Perpetual Class D Preferred Stock, Series D. Listed on the New York Stock Exchange (NYSE), these depositary shares are an integral part of Wells Fargo’s capital structure. The preferred stock provides investors with a fixed dividend yield, offering a steady income stream, which can be particularly attractive for those seeking regular returns and lower volatility compared to common stock. However, it's important to note that while these shares come with preferential treatment regarding dividends, they generally have limited voting rights and may not offer the same growth potential as common shares.

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