Wells Fargo & Company (WFC) shares are trading slightly higher on Friday after the company announced quarterly dividends on several of its preferred stock series. The dividends are payable on December 16, 2024, and investors must be on record by November 29th to qualify. The stock has seen strong performance in the past year, fueled by investor optimism surrounding potential economic benefits under the Trump administration.
Hewlett Packard Enterprise (HPE) has announced a public offering of $1.35 billion in Series C mandatory convertible preferred stock. The proceeds will be used to partially fund the acquisition of Juniper Networks and for general corporate purposes. The preferred stock will automatically convert into common stock in 2027.
Wesco International has announced a quarterly cash dividend of $0.4125 per share for its common stockholders, payable on September 30, 2024. The company also declared dividends on its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, totaling $664.0625 per preferred share, payable on the same date.
Comerica Incorporated has declared quarterly cash dividends for its common and preferred stock. The common stock dividend is payable on March 15, 2023, to shareholders of record as of March 8, 2023. The preferred stock dividend is payable on March 15, 2023, to preferred stock shareholders of record as of March 8, 2023.
