U.S. Bancorp announces quarterly dividends

Rhea-AI Summary

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.46 per share, payable on July 15, 2022, to stockholders of record by June 30, 2022. This equates to an annual dividend of $1.84 per common share. Additionally, dividends for various series of Non-Cumulative Perpetual Preferred Stocks were also announced, ranging from $0.221181 to $9.250000 per depositary share, further demonstrating the company's commitment to returning value to shareholders.

Positive

• Regular quarterly dividend of $0.46 per common share, reflecting confidence in business stability.
• Total annual dividend of $1.84 per share, indicating strong return to shareholders.
• Additional dividends announced for multiple preferred stock series, enhancing shareholder value.

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 July 15, 2022, to stockholders of record at the close of business on June 30, 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 $884.722 per share (equivalent to $8.847220 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2022, to stockholders of record at the close of business on June 30, 2022.

• A regular quarterly dividend of $221.181 per share (equivalent to $0.221181 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2022, to stockholders of record at the close of business on June 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 July 15, 2022, to stockholders of record at the close of business on June 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 July 15, 2022, to stockholders of record at the close of business on June 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 July 15, 2022, to stockholders of record at the close of business on June 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 July 15, 2022, to stockholders of record at the close of business on June 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 July 15, 2022, to stockholders of record at the close of business on June 30, 2022.

About U.S. Bancorp

U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005987/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 Q2 2022?

U.S. Bancorp declared a quarterly dividend of $0.46 per common share for Q2 2022.

When is the dividend payable to shareholders?

The dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022.

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

The annual dividend for U.S. Bancorp is $1.84 per common share.

What are the preferred stock dividends announced by U.S. Bancorp?

Dividends were declared for various preferred stock series, ranging from $0.221181 to $9.250000 per depositary share.