Wachovia Corporation’s board of directors have approved the company’s regular quarterly cash dividend on its common stock of 64 cents per share.
The common stock dividend is payable on 17 March 17 2008, to shareholders of record as of the close of business on 29 February 2008.
In addition, Wachovia’s board of directors approved a quarterly cash dividend of $18.6667 per share on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.4667 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 17 March 17 2008, to holders of record as of the close of business on 29 February 2008.