U.S. Bancorp announces quarterly dividends
March 16 2021 - 4:56PM
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, 2021, to stockholders of record at the close of business
on March 31, 2021. 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 $875.000 per share (equivalent
to $8.750000 per depositary share) on the Series A Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular quarterly dividend of $218.750 per share (equivalent
to $0.218750 per depositary share) on the Series B Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular quarterly dividend of $406.250 per share (equivalent
to $0.406250 per depositary share) on the Series F Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular quarterly dividend of $232.953 per share (equivalent
to $9.318120 per depositary share) on the Series I Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular semi-annual dividend of $662.500 per share
(equivalent to $26.500000 per depositary share) on the Series J
Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable
April 15, 2021, to stockholders of record at the close of business
on March 31, 2021.
- A regular quarterly dividend of $343.750 per share (equivalent
to $0.343750 per depositary share) on the Series K Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular quarterly dividend of $234.375 per share (equivalent
$0.234375 per depositary share) on the Series L Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
- A regular quarterly dividend of $202.778 per share (equivalent
$0.202778 per depositary share) on the Series M Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2021,
to stockholders of record at the close of business on March 31,
2021.
About U.S. Bancorp
U.S. Bancorp, with nearly 70,000 employees and $554 billion in
assets as of December 31, 2020, 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 digital tools that allow
customers to bank when, where and how they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial, corporate, and investment
customers across the country and around the world as a trusted and
responsible financial partner. This commitment continues to earn a
spot on the Ethisphere Institute’s World’s Most Ethical Companies
list and puts U.S. Bank in the top 5% of global companies assessed
on the CDP A List for climate change action. Visit usbank.com for
more.
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version on businesswire.com: https://www.businesswire.com/news/home/20210316006062/en/
Investor contact: Jennifer Thompson, U.S. Bancorp Investor
Relations jen.thompson@usbank.com, 612.303.0778, @usbank_news
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications jeffrey.shelman@usbank.com, 612.422.1423,
@usbank_news
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