U.S. Bancorp Announces Quarterly Dividends for Shareholders
The Board of Directors of U.S. Bancorp (NYSE: USB) has officially declared a regular quarterly dividend of $0.50 per common share. This dividend is set to be paid on January 15, 2025, to stockholders whose names appear on the record as of the close of business on December 31, 2024. This means that, based on the current dividend rate, the annual payout totals $2.00 per common share.
Additional Quarterly Dividends Announced
In addition to the common share dividend, the Board has approved several preferred share dividends:
- A quarterly dividend of $1,517.364 per share on Series A Non-Cumulative Perpetual Preferred Stock, payable on January 15, 2025.
- A quarterly dividend of $352.508 per share on Series B Non-Cumulative Perpetual Preferred Stock, also payable on January 15, 2025.
- A quarterly dividend of $343.750 per share on Series K Non-Cumulative Perpetual Preferred Stock, planned for January 15, 2025.
- A quarterly dividend of $234.375 per share on Series L Non-Cumulative Perpetual Preferred Stock, due on January 15, 2025.
- A quarterly dividend of $250.000 per share on Series M Non-Cumulative Perpetual Preferred Stock, scheduled for January 15, 2025.
- A quarterly dividend of $231.250 per share on Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, payable on January 15, 2025.
- A quarterly dividend of $281.250 per share on Series O Non-Cumulative Perpetual Preferred Stock, also set for January 15, 2025.
About U.S. Bancorp
U.S. Bancorp, which employs more than 70,000 individuals, boasts assets amounting to $686 billion. As the parent company of U.S. Bank National Association, it operates from its headquarters in Minneapolis. The company caters to millions of customers on local, national, and global scales through a diverse portfolio including consumer and business banking, commercial banking, institutional banking, payments, as well as wealth management services. Its commitment to digital innovation and community partnerships has garnered it recognition, including being named one of the 2024 World’s Most Ethical Companies and termed as Fortune’s most admired superregional bank.
Conclusion
With regular dividends declared, U.S. Bancorp continues to express its commitment to providing value to its shareholders. Investors can look forward to upcoming payments as these dividends reflect the company’s strong financial standing and dedication to boosting shareholder returns.
Frequently Asked Questions
What is the dividend per common share declared by U.S. Bancorp?
The declared quarterly dividend per common share is $0.50.
When will U.S. Bancorp pay its dividends?
The dividends are scheduled to be paid on January 15, 2025.
What are the annual dividend totals based on the quarterly rate?
The annual dividend total is equivalent to $2.00 per common share based on the current quarterly rate.
How does U.S. Bancorp support its shareholders?
U.S. Bancorp supports its shareholders by regularly declaring dividends and maintaining robust financial health.
Where can I find more information about U.S. Bancorp?
For more information about U.S. Bancorp, visit their official website at usbank.com/about.
