SAN FRANCISCO--(BUSINESS WIRE)--Feb 13, 2026--
Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.
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A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative 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 March 16, 2026, to holders of record as of the close of business on Feb. 28, 2026.
A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
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News Release Category: WF-CFH
Wells Fargo sign on a building exterior. (Photo: Wells Fargo)
MINNEAPOLIS (AP) — A judge on Thursday handed down an extraordinary prison sentence — nearly 42 years — to the former leader of a Minnesota nonprofit who was convicted in a staggering $250 million fraud case that helped ignite an immigration crackdown by the Trump administration.
Aimee Bock ran Feeding Our Future, which had claimed it helped provide millions of meals to needy children during the pandemic. The U.S. Justice Department, however, said she was atop the “single largest COVID-19 fraud scheme in the country.”
“I understand I failed. I failed the public, my family, everyone,” Bock said in federal court.
After the hearing, authorities held a news conference to announce charges against 15 more people accused of fraud in receiving federal payments for a variety of social services administered through Minnesota's state government. The FBI said one man jumped from a fourth-floor balcony to avoid arrest.
“We will claw back every dollar you have stolen from the American people,” Assistant Attorney General Colin McDonald said, noting that the government sent more prosecutors and agents to Minnesota this year.
President Donald Trump used the fraud cases against Bock and many others to initially justify a massive surge of federal officers to the Minneapolis-St. Paul area last winter to target immigrants, leading to pushback from residents and the deaths of two people.
Bock's nonprofit was at the center of a fraud network that included a web of partner organizations, phony distribution sites, kickbacks and fake lists of children supposedly being fed, prosecutors say. She had long proclaimed her innocence but was convicted last year of conspiracy, fraud and bribery.
Bock and co-conspirators enriched themselves with international travel, real estate purchases, luxury vehicles and other lavish spending, the government said.
“This was a vortex of fraud and you were at the epicenter,” U.S. District Judge Nancy Brasel told Bock.
State auditors found that the Minnesota Department of Education received numerous complaints about Feeding Our Future, but often told the group to police itself. In January, Democratic Gov. Tim Walz said he would not run for reelection after being pounded by Trump about theft in programs that rely on federal cash.
Dozens of people, many from the state’s large Somali community, have been convicted in a series of overlapping food fraud cases that have spent years in the courts.
“This case has changed our state forever,” Joe Thompson, formerly the lead prosecutor in the case, said outside the courtroom. “Aimee Bock did everything she could to earn this long sentence.”
Bock’s lawyer, Kenneth Udoibok, argued for no more than three years in prison, saying she had provided key information to investigators. He argued that Bock had been unfairly painted as the mastermind and insisted that two co-defendants were responsible for running the scams.
In a fresh batch of criminal cases filed this week in Minnesota, the government said the alleged fraud involved $90 million across seven state-managed Medicaid programs.
The defendants include Fahima Mahamud, who was CEO of Future Leaders Early Learning Center, a childcare center in Minneapolis. Over three years, Mahamud’s organization was reimbursed approximately $4.6 million for services on behalf of people who didn’t make a required copayment, prosecutors allege.
A message seeking comment from her lawyer was not immediately returned Thursday. Mahamud earlier this year pleaded not guilty to fraud related to meals.
Two other people were charged with conspiring to get $975,000 in Medicaid subsidies for housing services that were not provided. They’re expected to plead guilty in June, according to a court filing.
Two additional people were accused of receiving $21.1 million by billing Medicaid for autism therapy that was either unnecessary or not provided. Investigators said the two paid families as much as $1,500 per child per month to add their names to the program and get reimbursement.
Trump, who has long derided Somalis, last year blasted Minnesota as “a hub of fraudulent money laundering activity.”
“Somali gangs are terrorizing the people of that great State, and BILLIONS of Dollars are missing. Send them back to where they came from,” Trump wrote on social media.
Bock is white and the U.S. Attorney’s Office says the overwhelming majority of defendants in the cases are of Somali descent. Most are U.S. citizens.
Trump's immigration enforcement surge led to repeated protests and confrontations between residents and federal officers and resulted in the killings of Renee Good and Alex Pretti.
AP reporters Scott Bauer in Madison, Wisconsin, and Ed White in Detroit contributed.
The exterior of Minneapolis federal courthouse on Thursday, May 21, 2026 in Minneapolis, Minn. Feeding our Future founder Aimee Bock is sentenced at the United States District Court in Minneapolis. (Carlos Gonzalez/Minnesota Star Tribune via AP)
Acting U.S. Attorney for Minnesota Joe Thompson addresses the media following the sentencing of Feeding Our Future founder Aimee Bock on Thursday, May 21, 2026 at at the United States District Court in Minneapolis. (Carlos Gonzalez/Minnesota Star Tribune via AP)
FILE - Aimee Bock, founder and executive director of the nonprofit organization Feeding Our Future, arrives at the Minneapolis federal courthouse with her attorney, Ken Udoibok, right, on March 19, 2025, in Minneapolis. (Kerem Yücel/Minnesota Public Radio via AP, File)
