U.S. Bancorp Announces a 13.5 Percent Increase in Quarterly Common Stock Dividends
September 17 2019 - 11:00AM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has approved
a 13.5 percent increase in the dividend rate on U.S. Bancorp common
stock to $0.42 on a quarterly basis, payable October 15, 2019, to
stockholders of record at the close of business on September 30,
2019. At this quarterly dividend rate, the annual dividend will be
equivalent to $1.68 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 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
- 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 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
- 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 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
- 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 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
- A regular quarterly dividend of $343.75 per share (equivalent
to $0.34375 per depositary share) on the Series K Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
- 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 15,
2019, to stockholders of record at the close of business on
September 30, 2019.
U.S. Bancorp (NYSE: USB), with 74,000 employees and $482 billion
in assets as of June 30, 2019, is the parent company of U.S. Bank
National Association, the fifth-largest commercial bank in the
United States. The Minneapolis-based bank blends its relationship
teams, branches and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank a 2019 World’s Most Ethical
Company. Visit U.S. Bank online or follow on social media to stay
up to date with company news.
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Jennifer Thompson, U.S. Bancorp Investor Relations –
612.303.0778; jen.thompson@usbank.com
Rebekah Fawcett, U.S. Bancorp Corporate Communications –
612.303.9986; rebekah.fawcett@usbank.com Twitter @usbank_news
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