U.S. Bank Announces Quarterly Dividends
March 17 2020 - 10:00AM
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
April 15, 2020, to stockholders of record at the close of business
on March 31, 2020. 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 $884.722 per share (equivalent
to $8.84722 per depositary share) on the Series A Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
- A regular quarterly dividend of $221.18 per share (equivalent
to $0.22118 per depositary share) on the Series B Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
- 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 April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
- 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 April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
- 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 April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
- A regular semi-annual dividend of $662.50 per share (equivalent
to $26.500 per depositary share) on the Series J Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2020,
to stockholders of record at the close of business on March 31,
2020.
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $495 billion
in assets as of December 31, 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 one of the 2020 World’s Most
Ethical Companies. 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/20200317005063/en/
Investor contact: Jennifer Thompson, U.S. Bancorp Investor
Relations jen.thompson@usbank.com, 612.303.0778, @usbank_news
Media contact: Rebekah Fawcett, U.S. Bancorp Public Affairs and
Communications rebekah.fawcett@usbank.com, 612.303.9986,
@usbank_news
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