San Francisco-based Wells Fargo & Co. (NYSE: WFC) announced quarterly cash dividends on three sets of preferred stock.

The company announced in a statement that a quarterly cash dividend of $20.00 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 is $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrJ.” The Series J dividend is payable on September 15, 2010, to holders of record as of the close of business on August 31st, 2010.

The bank also announced a quarterly cash dividend of $18.75 per share on its 7.50% non-cumulative 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 September 15th, 2010, to holders of record as of the close of business on August 31st, 2010.

Finally, a semi-annual cash dividend of $39.90 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. The “Series K” dividend is payable on September 15th, 2010, to holders of record as of the close of business on August 31st, 2010.

Wells Fargo & Company is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services, through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. As of December 31, 2009, the Company provided banking, insurance, investments, mortgage and consumer finance from more than 10,000 stores under various types of ownership and leasehold agreements.

Shares of Wells Fargo & Co. (NYSE: WFC) traded up 0.70% on Friday ending the week at $24.60.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.