U.S. Bancorp Announces a 7.1 Percent Increase in Quarterly Common Stock Dividends
September 19 2017 - 11:00AM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has approved
a 7.1 percent increase in the dividend rate on U.S. Bancorp common
stock to $0.30 on a quarterly basis, payable October 16, 2017, to
stockholders of record at the close of business on September 29,
2017. At this quarterly dividend rate, the annual dividend will be
equivalent to $1.20 per common share.
The Board of Directors also declared the following:
- A regular quarterly dividend of
$894.444 per share (equivalent to $8.94444 per depositary share) on
the Series A Non-Cumulative Perpetual Preferred Stock of U.S.
Bancorp, payable October 16, 2017, to stockholders of record at the
close of business on September 29, 2017.
- A regular quarterly dividend of $223.61
per share (equivalent to $0.22361 per depositary share) on the
Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable October 16, 2017, to stockholders of record at the close of
business on September 29, 2017.
- A regular quarterly dividend of $406.25
per share (equivalent to $0.40625 per depositary share) on the
Series F Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable October 16, 2017, to stockholders of record at the close of
business on September 29, 2017.
- A regular quarterly dividend of $321.88
per share (equivalent to $0.32188 per depositary share) on the
Series H Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable October 16, 2017, to stockholders of record at the close of
business on September 29, 2017.
- A regular semi-annual dividend of
$662.50 per share (equivalent to $26.50000 per depositary share) on
the Series J Non-Cumulative Perpetual Preferred Stock of U.S.
Bancorp, payable October 16, 2017, to stockholders of record at the
close of business on September 29, 2017.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $464 billion in
assets as of June 30, 2017, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,088 banking offices in 25
states and 4,826 ATMs, and provides a comprehensive line of
banking, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. Visit U.S. Bancorp on
the web at www.usbank.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170919006039/en/
U.S. BancorpJennifer Thompson, 612-303-0778U.S. Bank Investor
Relationsjen.thompson@usbank.comorDana Ripley, 612-303-3167U.S.
Bank Corporate Communicationsdana.ripley@usbank.comTwitter
@usbank_news
US Bancorp (NYSE:USB)
Historical Stock Chart
From Aug 2024 to Sep 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Sep 2023 to Sep 2024