CHARLOTTE, N.C., May 15 /PRNewswire-FirstCall/ -- Wachovia Corporation
(NYSE: WB) announced that its board of directors has declared dividends on
two series of preferred stock.
A quarterly cash dividend of $20 per share was declared on its 8.00
percent non-cumulative perpetual class A preferred stock, Series J,
liquidation preference $1,000 per share. This dividend equals $0.50 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 June 16, 2008, to
holders of record as of the close of business on May 30, 2008.
In addition, a quarterly cash dividend of $12.0833 per share was
declared on its 7.50 percent non-cumulative perpetual convertible class A
preferred stock, Series L, liquidation preference $1,000 per share, which
are traded on the New York Stock Exchange under the symbol "WBPRT". The
Series L dividend is payable on June 16, 2008, to holders of record as of
the close of business on May 30, 2008.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $808.9 billion and
market capitalization of $53.8 billion at March 31, 2008. 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 3,300 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 $1.1 trillion in client assets
through 18,600 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://www.prnewswire.com/comp/314125.html/
CONTACT:
Media: Christy Phillips-Brown
+1-704-383-8178; or Investors: Alice Lehman, +1-704-374-4139, or
Ellen Taylor, +1-212-214-1904, all of Wachovia Corporation
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