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.
