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 $0.48 per common share, payable on April 17, 2023, to stockholders recorded by March 31, 2023. This annualizes to $1.92 per share. Additional dividends for preferred stocks include: $1,462.428 for Series A, $339.357 for Series B, with similar payments for Series J, K, L, M, N, and O stocks also set for April 17, 2023.

U.S. Bancorp holds approximately $675 billion in assets, serving millions through diverse banking services.

Positive

• Quarterly dividend of $0.48 per share reflects strong financial health.
• Consistent dividends across multiple preferred stock series indicate stable income for shareholders.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.48 per common share, payable April 17, 2023, to stockholders of record at the close of business on March 31, 2023. At this quarterly dividend rate, the annual dividend is equivalent to $1.92 per common share.

The Board of Directors also declared the following:

• A regular quarterly dividend of $1,462.428 per share (equivalent to $14.624280 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2023, to stockholders of record at the close of business on March 31, 2023.

• A regular quarterly dividend of $339.357 per share (equivalent to $0.339357 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2023, to stockholders of record at the close of business on March 31, 2023.

• A regular semi-annual dividend of $662.500 per share (equivalent to $26.500000 per depositary share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2023, to stockholders of record at the close of business on March 31, 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 April 17, 2023, to stockholders of record at the close of business on March 31, 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 April 17, 2023, to stockholders of record at the close of business on March 31, 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 April 17, 2023, to stockholders of record at the close of business on March 31, 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 April 17, 2023, to stockholders of record at the close of business on March 31, 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 April 17, 2023, to stockholders of record at the close of business on March 31, 2023.

About U.S. Bancorp

U.S. Bancorp, with approximately 77,000 employees and $675 billion in assets as of December 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. Union Bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. U.S. Bancorp 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/20230314006012/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 amount declared by U.S. Bancorp in 2023?

U.S. Bancorp declared a quarterly dividend of $0.48 per common share.

When will the U.S. Bancorp dividend be paid?

The dividend will be payable on April 17, 2023.

What is the annual dividend for U.S. Bancorp's common shares?

The annual dividend for U.S. Bancorp's common shares is $1.92.

What are the dividend details for U.S. Bancorp preferred stocks?

Dividends for preferred stocks include $1,462.428 for Series A and $339.357 for Series B, among others.

When is the record date for U.S. Bancorp's dividend payments?

The record date for the dividend payments is March 31, 2023.