U.S. Bancorp Announces Quarterly Dividends

Rhea-AI Summary

The Board of Directors of U.S. Bancorp (NYSE: USB) declared a quarterly dividend of $0.46 per common share, payable on April 15, 2022, to stockholders of record by March 31, 2022. This amounts to an annual dividend of $1.84 per common share. Additional dividends were announced for preferred stocks, including $875.000 per share for Series A and $218.750 for Series B, all payable on the same date. U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets, provides diverse banking services globally.

Positive

• Quarterly dividend of $0.46 per common share indicates strong cash flow.
• Annual dividend of $1.84 demonstrates commitment to returning value to shareholders.
• Diverse revenue streams from multiple banking services enhance financial stability.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.46 per common share, payable April 15, 2022, to stockholders of record at the close of business on March 31, 2022. At this quarterly dividend rate, the annual dividend is equivalent to $1.84 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, 2022, to stockholders of record at the close of business on March 31, 2022.

• 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, 2022, to stockholders of record at the close of business on March 31, 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 April 15, 2022, to stockholders of record at the close of business on March 31, 2022.

• 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, 2022, to stockholders of record at the close of business on March 31, 2022.

• A regular quarterly dividend of $250.000 per share (equivalent $0.250000 per depositary share) on the Series M Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2022, to stockholders of record at the close of business on March 31, 2022.

• A regular quarterly dividend of $231.250 per share (equivalent $9.250000 per depositary share) on the Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2022, to stockholders of record at the close of business on March 31, 2022.

• A regular quarterly dividend of $206.250 per share (equivalent $0.206250 per depositary share) on the Series O Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2022, to stockholders of record at the close of business on March 31, 2022.

About U.S. Bancorp

U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets as of December 31, 2021, 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 2021 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315006248/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, 612.303.9933, @usbank_news

Source: U.S. Bancorp

FAQ

What is the dividend amount declared by U.S. Bancorp for April 2022?

U.S. Bancorp declared a quarterly dividend of $0.46 per common share.

When is the dividend for U.S. Bancorp payable?

The dividend is payable on April 15, 2022.

What was the annual dividend equivalent for U.S. Bancorp in 2022?

The annual dividend equivalent is $1.84 per common share.

How many employees does U.S. Bancorp have?

U.S. Bancorp has nearly 70,000 employees.

What were U.S. Bancorp's total assets as of December 31, 2021?

U.S. Bancorp had total assets of $573 billion as of December 31, 2021.