U.S. Bancorp Announces Quarterly Dividends
September 13 2022 - 4:56PM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared
a regular quarterly dividend of $0.48 per common share, payable
October 17, 2022, to stockholders of record at the close of
business on September 30, 2022. This represents an increase of 4.3
percent compared to the prior quarterly dividend of $0.46 per
common share. At this new quarterly dividend rate, the annual
dividend is equivalent to $1.92 per common share.
The Board of Directors also declared the following:
- A regular quarterly dividend of $902.622 per share (equivalent
to $9.026220 per depositary share) on the Series A Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
- A regular quarterly dividend of $223.611 per share (equivalent
to $0.223611 per depositary share) on the Series B Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
- 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
October 17, 2022, to stockholders of record at the close of
business on September 30, 2022.
- 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 October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
- A regular quarterly dividend of $234.375 per share (equivalent
to $0.234375 per depositary share) on the Series L Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
- A regular quarterly dividend of $250.000 per share (equivalent
to $0.250000 per depositary share) on the Series M Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
- A regular quarterly dividend of $231.250 per share (equivalent
to $9.250000 per depositary share) on the Series N Fixed Rate Reset
Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable
October 17, 2022, to stockholders of record at the close of
business on September 30, 2022.
- A regular quarterly dividend of $281.250 per share (equivalent
to $0.281250 per depositary share) on the Series O Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable October 17,
2022, to stockholders of record at the close of business on
September 30, 2022.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $591
billion in assets as of June 30, 2022, is the parent company of
U.S. Bank National Association. The Minneapolis-based company
serves millions of customers locally, nationally and globally
through a diversified mix of businesses: Consumer and Business
Banking; Payment Services; Corporate & Commercial Banking; and
Wealth Management and Investment Services. The company has been
recognized for its approach to digital innovation, social
responsibility, and customer service, including being named one of
the 2022 World’s Most Ethical Companies and Fortune’s most admired
superregional bank. Learn more at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20220913005978/en/
Investor contact: George Andersen, Director of Investor
Relations, U.S. Bancorp Investor Relations
george.andersen@usbank.com, 612.303.3620, @usbank_news
Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and
Communications jeffrey.shelman@usbank.com, 612.303.9933,
@usbank_news
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