U.S. Bancorp Announces Quarterly Dividends
March 14 2023 - 4:43PM
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
April 17, 2023, to stockholders of record at the close of business
on March 31, 2023. At this 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 $1,462.428 per share
(equivalent to $14.624280 per depositary share) on the Series A
Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable
April 17, 2023, to stockholders of record at the close of business
on March 31, 2023.
- A regular quarterly dividend of $339.357 per share (equivalent
to $0.339357 per depositary share) on the Series B Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2023,
to stockholders of record at the close of business on March 31,
2023.
- 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 17, 2023, to stockholders of record at the close of business
on March 31, 2023.
- 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 17, 2023,
to stockholders of record at the close of business on March 31,
2023.
- 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 April 17, 2023,
to stockholders of record at the close of business on March 31,
2023.
- 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 April 17, 2023,
to stockholders of record at the close of business on March 31,
2023.
- 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
April 17, 2023, to stockholders of record at the close of business
on March 31, 2023.
- 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 April 17, 2023,
to stockholders of record at the close of business on March 31,
2023.
About U.S. Bancorp
U.S. Bancorp, with approximately 77,000 employees and $675
billion in assets as of December 31, 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. Union Bank, consisting
primarily of retail banking branches on the West Coast, joined U.S.
Bancorp in 2022. U.S. Bancorp 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/20230314006012/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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