Wachovia Corporations board of directors approved the company’s regular quarterly cash dividend on its common stock of 5 cents per share.
The common stock dividend is payable on 15 December 2008, to shareholders of record as of the close of business on 28 November 2008.
In addition, Wachovia’s board of directors declared a quarterly cash dividend of $20 per share on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 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 15 December 2008, to holders of record as of the close of business on 28 November 2008.
A quarterly cash dividend of $18.75 per share was also declared on Wachovia’s 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 15 December 2008, to holders of record as of the close of business on 28 November 2008.
D.C.