U.S. Bancorp Announces Quarterly Dividends

Rhea-AI Summary

The Board of Directors of U.S. Bancorp (NYSE: USB) has announced a quarterly dividend of $0.42 per common share, payable on July 15, 2021, for stockholders on record by June 30, 2021. This annualizes to $1.68 per common share. Additionally, dividends were declared on various series of preferred stocks, including $884.722 for Series A and $221.181 for Series B, among others, all payable on the same date. U.S. Bancorp is recognized for its digital innovation and ethical practices, serving millions globally with assets nearing $553 billion.

Positive

• Regular quarterly dividend of $0.42 per common share increases shareholder income.
• Total annual dividend of $1.68 per common share demonstrates ongoing financial commitment.
• Payment on preferred shares enhances attractiveness for income-focused investors.

Negative

• None.

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.42 per common share, payable July 15, 2021, to stockholders of record at the close of business on June 30, 2021. At this quarterly dividend rate, the annual dividend is equivalent to $1.68 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, 2021, to stockholders of record at the close of business on June 30, 2021.

• 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, 2021, to stockholders of record at the close of business on June 30, 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 July 15, 2021, to stockholders of record at the close of business on June 30, 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 July 15, 2021, to stockholders of record at the close of business on June 30, 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 July 15, 2021, to stockholders of record at the close of business on June 30, 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 July 15, 2021, to stockholders of record at the close of business on June 30, 2021.

About U.S. Bancorp

U.S. Bancorp, with nearly 70,000 employees and $553 billion in assets as of March 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/20210615006173/en/

FAQ

What is the dividend amount declared by U.S. Bancorp (USB) for 2021?

U.S. Bancorp has declared a quarterly dividend of $0.42 per common share for 2021.

When will the dividend for U.S. Bancorp (USB) be paid?

The dividend will be paid on July 15, 2021.

Who is eligible for the U.S. Bancorp (USB) dividend?

Stockholders of record at the close of business on June 30, 2021, are eligible.

What is the total annual dividend for common shares of U.S. Bancorp (USB)?

The total annual dividend is $1.68 per common share.

How does the dividend from U.S. Bancorp (USB) compare to preferred stock dividends?

Preferred stock dividends include amounts such as $884.722 per share for Series A.