U.S. Bancorp Announces Series J Preferred Stock Semi-Annual Dividend

Rhea-AI Summary

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular semi-annual dividend of $662.50 per share on the Series J Non-Cumulative Perpetual Preferred Stock. This dividend, equivalent to $26.50 per depository share, will be payable on April 15, 2022, to stockholders recorded as of March 31, 2022.

As of September 30, 2021, U.S. Bancorp reported assets of $567 billion and employs nearly 70,000 people, serving customers globally through various banking services.

Positive

• Declaring a semi-annual dividend of $662.50 per share demonstrates confidence in financial stability.
• U.S. Bancorp has significant assets of $567 billion, indicating strong financial health.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular semi-annual dividend on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp.

The regular semi-annual dividend of $662.500 per share (equivalent $26.500000 per depository share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2022, to stockholders of record at the close of business on March 31, 2022.

About U.S. Bancorp

U.S. Bancorp, with nearly 70,000 employees and $567 billion in assets as of September 30, 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/20220114005469/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 the Series J preferred stock?

The declared dividend is $662.50 per share.

When is the dividend payment date for U.S. Bancorp's Series J preferred stock?

The dividend will be payable on April 15, 2022.

What is the record date for U.S. Bancorp's Series J preferred stock dividend?

The record date is March 31, 2022.

How much does U.S. Bancorp have in assets as of September 30, 2021?

U.S. Bancorp reported assets of $567 billion.