U.S. Bancorp announces quarterly dividends

Rhea-AI Summary

U.S. Bancorp (NYSE: USB) has announced its Board of Directors declared regular quarterly dividends. Common shareholders will receive a dividend of $0.49 per share, payable on July 15, 2024, to those recorded by June 28, 2024. This sets the annual dividend to $1.96 per share.

For preferred shares, the dividends are as follows: Series A - $16.709040 per depositary share, Series B - $0.391184 per depositary share, Series K - $0.343750 per depositary share, Series L - $0.234375 per depositary share, Series M - $0.250000 per depositary share, Series N - $9.250000 per depositary share, and Series O - $0.281250 per depositary share. All preferred dividends are also payable on July 15, 2024, to stockholders of record by June 28, 2024.

Positive

• Declaration of quarterly dividends provides regular income to shareholders.
• Common share dividend set at $0.49 per share, equating to an annual dividend of $1.96.

Negative

• None.

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 July 15, 2024, to stockholders of record at the close of business on June 28, 2024. 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 $1,670.904 per share (equivalent to $16.709040 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2024, to stockholders of record at the close of business on June 28, 2024.
• A regular quarterly dividend of $391.184 per share (equivalent to $0.391184 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 15, 2024, to stockholders of record at the close of business on June 28, 2024.
• 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, 2024, to stockholders of record at the close of business on June 28, 2024.
• 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, 2024, to stockholders of record at the close of business on June 28, 2024.
• 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, 2024, to stockholders of record at the close of business on June 28, 2024.
• 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, 2024, to stockholders of record at the close of business on June 28, 2024.
• 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, 2024, to stockholders of record at the close of business on June 28, 2024.

About U.S. Bancorp

U.S. Bancorp, with more than 70,000 employees and $684 billion in assets as of March 31, 2024, 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 2024 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/20240618987048/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 dividend per share for U.S. Bancorp common stock in Q3 2024?

The dividend per share for U.S. Bancorp common stock in Q3 2024 is $0.49.

When will the U.S. Bancorp dividend be paid in July 2024?

The U.S. Bancorp dividend will be paid on July 15, 2024.

What is the annual dividend for U.S. Bancorp common stock based on the latest announcement?

The annual dividend for U.S. Bancorp common stock is $1.96 based on the latest announcement.

What is the record date for the U.S. Bancorp dividend in Q3 2024?

The record date for the U.S. Bancorp dividend in Q3 2024 is June 28, 2024.

How much is the dividend per depositary share for U.S. Bancorp Series A Preferred Stock in Q3 2024?

The dividend per depositary share for U.S. Bancorp Series A Preferred Stock in Q3 2024 is $16.709040.

What is the dividend amount per depositary share for U.S. Bancorp Series B Preferred Stock?

The dividend amount per depositary share for U.S. Bancorp Series B Preferred Stock is $0.391184.

When is the payment date for U.S. Bancorp's preferred stock dividends in Q3 2024?

The payment date for U.S. Bancorp's preferred stock dividends in Q3 2024 is July 15, 2024.