Wells Fargo & Company Declares Cash Dividends On Preferred Stock

Wells Fargo & Company (NYSE: WFC) today announced dividends on eleven series of preferred stock.

A quarterly cash dividend of $20.00 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 is traded on the New York Stock Exchange under the symbol "WFCPrJ". The Series J dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

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 is traded on the New York Stock Exchange under the symbol "WFCPrL". The Series L dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $325.00 per share was declared on its 5.20% non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share. This dividend equals $0.325 per depositary share, each representing a 1/1,000th interest in a share of Series N preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrN". The Series N dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share. This dividend equals $0.32031 per depositary share, each representing a 1/1,000th interest in a share of Series O preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrO". The Series O dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $328.13 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share. This dividend equals $0.32813 per depositary share, each representing a 1/1,000th interest in a share of Series P preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrP". The Series P dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $365.63 per share was declared on its 5.85% non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share. This dividend equals $0.36563 per depositary share, each representing a 1/1,000th interest in a share of Series Q preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrQ". The Series Q dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $414.06 per share was declared on its 6.625% non-cumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share. This dividend equals $0.41406 per depositary share, each representing a 1/1,000th interest in a share of Series R preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrR". The Series R dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $375.00 per share was declared on its 6.00% non-cumulative perpetual class A preferred stock, Series T, liquidation preference $25,000 per share. This dividend equals $0.375 per depositary share, each representing a 1/1,000th interest in a share of Series T preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrT". The Series T dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $375.00 per share was declared on its 6.00% non-cumulative perpetual class A preferred stock, Series V, liquidation preference $25,000 per share. This dividend equals $0.375 per depositary share, each representing a 1/1,000th interest in a share of Series V preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrV". The Series V dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $356.25 per share was declared on its 5.70% non-cumulative perpetual class A preferred stock, Series W, liquidation preference $25,000 per share. This dividend equals $0.35625 per depositary share, each representing a 1/1,000th interest in a share of Series W preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrW". The Series W dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

A quarterly cash dividend of $343.75 per share was declared on its 5.50% non-cumulative perpetual class A preferred stock, Series X, liquidation preference $25,000 per share. This dividend equals $0.34375 per depositary share, each representing a 1/1,000th interest in a share of Series X preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrX". The Series X dividend is payable on Dec. 15, 2016, to holders of record as of the close of business on Nov. 30, 2016.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially.

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