U.S. Bancorp announces quarterly dividends

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U.S. Bancorp (NYSE: USB) declares regular quarterly dividend of $0.49 per common share, equivalent to $1.96 annually. Dividends on various series of preferred stock also declared.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.49 per common share, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023. At this quarterly dividend rate, the annual dividend is equivalent to $1.96 per common share.

The Board of Directors also declared the following:

• A regular quarterly dividend of $1,705.956 per share (equivalent to $17.059560 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 16, 2024, to stockholders of record at the close of business on December 29, 2023.

• A regular quarterly dividend of $399.656 per share (equivalent to $0.399656 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 16, 2024, to stockholders of record at the close of business on December 29, 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 January 16, 2024, to stockholders of record at the close of business on December 29, 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 January 16, 2024, to stockholders of record at the close of business on December 29, 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 January 16, 2024, to stockholders of record at the close of business on December 29, 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 January 16, 2024, to stockholders of record at the close of business on December 29, 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 January 16, 2024, to stockholders of record at the close of business on December 29, 2023.

About U.S. Bancorp

U.S. Bancorp, with approximately 75,000 employees and $668 billion in assets as of September 30, 2023, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2023 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/20231212041603/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

Source: U.S. Bancorp

FAQ

What is the ticker symbol for U.S. Bancorp?

The ticker symbol for U.S. Bancorp is USB.

When is the regular quarterly dividend payable to stockholders?

The regular quarterly dividend is payable on January 16, 2024.

What is the annual equivalent of the regular quarterly dividend for common shares?

The annual dividend equivalent for common shares is $1.96.

What are the amounts of dividends declared for the various series of preferred stock?

The dividends declared for the various series of preferred stock are: Series A - $1,705.956 per share, Series B - $399.656 per share, Series K - $343.750 per share, Series L - $234.375 per share, Series M - $250.000 per share, Series N - $231.250 per share, Series O - $281.250 per share.