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
