U.S. Bancorp Announces Quarterly Dividends

Rhea-AI Summary

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.46 per common share, payable on January 18, 2022 to stockholders of record on December 31, 2021. This results in an annual dividend of $1.84. Additional dividends were declared on various Series Non-Cumulative Perpetual Preferred Stocks, with values ranging from $0.223611 to $8.944440 per share, also payable January 18, 2022. U.S. Bancorp, with nearly 70,000 employees and $567 billion in assets, continues to serve millions through various banking services.

Positive

• Quarterly dividend of $0.46 per common share provides consistent income for shareholders.
• Annual dividend rate of $1.84 reflects company confidence in its ongoing profitability.
• Declaring dividends on several preferred stock series shows financial stability and commitment to shareholder returns.

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 January 18, 2022 to stockholders of record at the close of business on December 31, 2021. 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 $894.444 per share (equivalent to $8.944440 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 18, 2022, to stockholders of record at the close of business on December 31, 2021.

• 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 January 18, 2022, to stockholders of record at the close of business on December 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 January 18, 2022, to stockholders of record at the close of business on December 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 January 18, 2022, to stockholders of record at the close of business on December 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 January 18, 2022, to stockholders of record at the close of business on December 31, 2021.

• 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 January 18, 2022, to stockholders of record at the close of business on December 31, 2021.

• A regular quarterly dividend of $202.986 per share (equivalent $0.202986 per depositary share) on the Series N Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 18, 2022, to stockholders of record at the close of business on December 31, 2021.

About U.S. Bancorp

U.S. Bancorp, with nearly 70,000 employees and $567 billion in assets as of September 30, 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/20211221005509/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 2022?

U.S. Bancorp declared a quarterly dividend of $0.46 per common share for 2022.

When will U.S. Bancorp's dividend be paid?

The dividend will be paid on January 18, 2022.

Who is eligible for the dividend from U.S. Bancorp?

Stockholders of record at the close of business on December 31, 2021, are eligible for the dividend.

What is the total annual dividend amount for U.S. Bancorp?

The total annual dividend amount is $1.84 per common share.

How many employees does U.S. Bancorp have?

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

What assets does U.S. Bancorp hold?

U.S. Bancorp holds approximately $567 billion in assets as of September 30, 2021.