Skip to main content
No. of Recommendations: 3
For those who are looking for a preferred that has a long call protection and provides higher than treasuries, can consider WFC.PR.L.

The par is $1000 and quoting at $1538 and goes ex-dividend on 2/27 with 18.5 Quarterly dividend. The conversion price for this is $156.71 far away from current price of $45.

Alternatively, if you think the bank will survive and just be fine, you can buy the bank and get 4.5% dividend.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.