U.S. Bancorp Announces Quarterly Dividends
December 17 2019 - 11:00AM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared
a regular quarterly dividend of $0.42 per common share, payable
January 15, 2020, to stockholders of record at the close of
business on December 31, 2019. At this quarterly dividend rate, the
annual dividend is 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 January 15,
2020, to stockholders of record at the close of business on
December 31, 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 January 15,
2020, to stockholders of record at the close of business on
December 31, 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 January 15,
2020, to stockholders of record at the close of business on
December 31, 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 January 15,
2020, to stockholders of record at the close of business on
December 31, 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 January 15,
2020, to stockholders of record at the close of business on
December 31, 2019.
- A regular semi-annual dividend of $640.625 per share
(equivalent to $25.625 per depositary share) on the Series I
Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable
January 15, 2020, to stockholders of record at the close of
business on December 31, 2019.
Minneapolis-based U.S. Bancorp (NYSE: USB), with 74,000
employees and $488 billion in assets as of September 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 at www.usbank.com or follow on social media to stay
up to date with company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20191217005011/en/
Jennifer Thompson, U.S. Bancorp Investor Relations –
612.303.0778; jen.thompson@usbank.com Rebekah Fawcett, U.S. Bancorp
Public Affairs and Communications – 612.303.9986;
rebekah.fawcett@usbank.com
Twitter @usbank_news
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