U.S. Bancorp Announces Quarterly Dividends
March 21 2017 - 11:00AM
Business Wire
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared
a regular quarterly dividend of $0.28 per common share, payable
April 17, 2017, to stockholders of record at the close of business
on March 31, 2017. At this quarterly dividend rate, the annual
dividend is equivalent to $1.12 per common share.
The Board of Directors also declared the following:
- A regular quarterly dividend of
$875.000 per share (equivalent to $8.75000 per depositary share) on
the Series A Non-Cumulative Perpetual Preferred Stock of U.S.
Bancorp, payable April 17, 2017, to stockholders of record at the
close of business on March 31, 2017.
- A regular quarterly dividend of $218.75
per share (equivalent to $0.21875 per depositary share) on the
Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable April 17, 2017, to stockholders of record at the close of
business on March 31, 2017.
- A regular quarterly dividend of $406.25
per share (equivalent to $0.40625 per depositary share) on the
Series F Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable April 17, 2017, to stockholders of record at the close of
business on March 31, 2017.
- A regular quarterly dividend of $375.00
per share (equivalent to $0.37500 per depositary share) on the
Series G Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable April 17, 2017, to stockholders of record at the close of
business on March 31, 2017.
- A regular quarterly dividend of $321.88
per share (equivalent to $0.32188 per depositary share) on the
Series H Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp,
payable April 17, 2017, to stockholders of record at the close of
business on March 31, 2017.
- A regular semi-annual dividend of
$228.19 per share (equivalent to $9.12778 per depositary share) on
the Series J Non-Cumulative Perpetual Preferred Stock of U.S.
Bancorp, payable April 17, 2017, to stockholders of record at the
close of business on March 31, 2017.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $446 billion in
assets as of December 31, 2016, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,106 banking offices in 25
states and 4,842 ATMs, and provides a comprehensive line of
banking, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. Visit U.S. Bancorp on
the web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170321005911/en/
U.S. Bank Investor RelationsJennifer Thompson,
612-303-0778jen.thompson@usbank.comorU.S. Bank Corporate
CommunicationsDana Ripley,
612-303-3167dana.ripley@usbank.comTwitter @usbank_news
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