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Wells Fargo's Preferred Stock, Series Y Yield Pushes Past 3%

In trading on Tuesday, shares of Wells Fargo & Co's Non-Cumulative Perpetual Class A Preferred Stock, Series Y (WFC. RY) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $26.48 on the day.
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