Many banks offer attractive dividends that are great for investors who like to focus on passive income. Companies that issue dividends are essentially taking part of their earnings and distributing that portion directly back to shareholders. Typically, dividends are distributed each quarter.
When evaluating a dividend stock, you want to look for dividends that offer a nice yield compared to other dividends and other investments, as well as dividends that are steady, sustainable, and growing. With that in mind, let’s take a look at U.S. Bancorp (NYSE:USB) and see if it’s a great dividend stock.