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U.S. Bancorp Announces a 13.5 Percent Increase in Quarterly Common Stock Dividends

September 17, 2019

Via: Yahoo

The Board of Directors of U.S. Bancorp (USB) has approved a 13.5 percent increase in the dividend rate on U.S. Bancorp common stock to $0.42 on a quarterly basis, payable October 15, 2019, to stockholders of record at the close of business on September 30, 2019. At this quarterly dividend rate, the annual dividend will be equivalent to $1.68 per common share.

The Board of Directors also declared the following:

  • A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable October 15, 2019, to stockholders of record at the close of business on September 30, 2019.

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