CHARLOTTE, N.C., Aug. 19 /PRNewswire-FirstCall/ -- Wachovia Corporation
(NYSE: WB) announced that its board of directors has declared dividends on
three series of preferred stock.
A quarterly cash dividend of $20 per share was declared on its 8.00%
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 September 15, 2008, to holders
of record as of the close of business on August 29, 2008.
A quarterly cash dividend of $18.75 per share was declared on its 7.50%
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 September 15, 2008, to holders of record as of the close of business on
August 29, 2008.
In addition, a semi-annual cash dividend of $48.10167 per share was
declared on its Fixed-to-Floating Rate non-cumulative perpetual Class A
preferred stock, Series K, liquidation preference $1,000 per share. This
payment represents the dividend accrued from the Series K issuance on
February 8, 2008 to but excluding September 15, 2008. The Series K dividend
is payable on September 15, 2008, to holders of record as of the close of
business on August 29, 2008.
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 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 14,600 financial advisors 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
 back to top
Related links:
http://www.wachovia.com
CONTACT:
Media, Christy Phillips-Brown,
+1-704-383-8178; or Investors, Alice Lehman, +1-704-374-4139,
Ellen Taylor, +1-212-214-1904, all of Wachovia Corporation
|
