U.S. Bancorp Announces Quarterly Dividends
June 21 2011 - 12:48PM
Business Wire
The board of directors of U.S. Bancorp (NYSE: USB) has declared
a quarterly dividend of $0.125 per common share, payable July 15,
2011, to shareholders of record at the close of business on June
30, 2011. At this quarterly dividend rate, the annual dividend is
equivalent to $0.50 per common share.
The board of directors has also declared a regular quarterly
dividend of $884.72 per share (equivalent to $8.84722 per
depositary share) on U.S. Bancorp’s Series A Non-Cumulative
Perpetual Preferred Stock, payable July 15, 2011, to
stockholders of record at the close of business on June 30,
2011.
Additionally, the board of directors declared a regular
quarterly dividend of $221.18 per share (equivalent to $0.22118 per
depositary share) on U.S. Bancorp’s Series B Non-Cumulative
Perpetual Preferred Stock, payable July 15, 2011, to
stockholders of record at the close of business on June 30,
2011.
Finally, the board also declared a regular quarterly dividend of
$497.66 per share (equivalent to $0.49766 per depositary share) on
U.S. Bancorp’s Series D Non-Cumulative Perpetual Preferred Stock,
payable July 15, 2011, to stockholders of record at the
close of business on June 30, 2011.
U.S. Bancorp, with $311 billion in assets as of March 31, 2011,
is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,082 banking
offices in 25 states and 5,238 ATMs and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust
and payment services products to consumers, businesses and
institutions. U.S. Bancorp and its employees are dedicated to
improving the communities they serve, for which the company earned
the 2011 Spirit of America Award, the highest honor bestowed on a
company by United Way. Visit U.S. Bancorp on the web at
www.usbank.com.
US Bancorp (NYSE:USB)
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