CHARLOTTE, N.C., Feb. 19 /PRNewswire-FirstCall/ -- Wachovia Corporation
(NYSE: WB) today announced that its board of directors approved the
company's regular quarterly cash dividend on its common stock of 64 cents
per share.
The common stock dividend is payable on March 17, 2008, to shareholders
of record as of the close of business on Feb. 29, 2008.
In addition, Wachovia's board of directors approved a quarterly cash
dividend of $18.6667 per share on its 8.00% non-cumulative perpetual class
A preferred stock, Series J, liquidation preference $1,000 per share. This
dividend equals $0.4667 per depositary share, each representing a 1/40th
interest in a share of Series J preferred stock, which are traded on the
New York Stock Exchange under the symbol "WBPRS." The Series J dividend is
payable on March 17, 2008, to holders of record as of the close of business
on Feb. 29, 2008.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $782.9 billion and
market capitalization of $75.3 billion at December 31, 2007. Wachovia
provides a broad range of retail banking and brokerage, asset and wealth
management, and corporate and investment banking products and services to
customers through 3,400 retail financial centers in 21 states from
Connecticut to Florida and west to Texas and California, and nationwide
retail brokerage, mortgage lending and auto finance businesses. Globally,
clients are served in selected corporate and institutional sectors and
through more than 40 international offices. Our retail brokerage operations
under the Wachovia Securities brand name manage more than $1.2 trillion in
client assets through 17,900 registered representatives in 1,500 offices
nationwide. Online banking is available at wachovia.com; online brokerage
products and services at wachoviasec.com; and investment products and
services at evergreeninvestments.com.
SOURCE Wachovia Corporation
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Related links:
http://www.wachovia.com
http://wachoviasec.com http://evergreeninvestments.com
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CONTACT:
Media, Christy Phillips-Brown,
+1-704-383-8178, or Investors, Alice Lehman, +1-704-374-4139, or
Ellen Taylor, +1-212-214-1904
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