WFC-PL Preferred Stock — Wells Fargo Dep Shs Rep 1/1000th Series L

Wells Fargo Dep Shs Rep 1/1000th Series L (WFC-PL)

WFC-PL is a Preferred Stock. its distribution rate is 6.73%, its trailing-12-month yield is 6.77%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 254.4% over the past 18.4 years, 458.7 points behind SPY at 713.1%.

At the current 6.73% distribution rate, a $10,000 investment would generate approximately $673 per year, or about $168.25 per quarter if the next payment matches the last regular one.

WFC-PL performance versus SPY

Price and return data through 2026-09-21.

Total return is 254.4% over the past 18.4 years, 458.7 points behind SPY at 713.1%. Over the past year its total return — price change plus distributions reinvested — is -6.2%. Its deepest 1-year drawdown was 7.9%.

WFC-PL key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

6.06%

Issuer

Wells Fargo

Asset type

Preferred Stock

Asset class

Equity

Distribution rate

6.73%

Distribution frequency

Quarterly

Trailing yield

6.77%

5-year average yield

6.18

Last close

$1,107.76 (as of 2026-09-21)

Market cap

$187,783,643,136

Average volume

5427.0

Last dividend

$18.75

Last ex-dividend date

08/31/2026

Last payment date

09/15/2026

Beta

0.916

Payout ratio

0.0

P/E ratio

229.671

Forward P/E

0.0

EPS

$4.83

How Dividend Vision calculates yield and returns

Distribution rate (6.73%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (6.77%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Wells Fargo or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WFC-PL risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.9%.

Who may consider WFC-PL — and who may not

WFC-PL may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (WFC-PL pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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