Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  U.S. Bancorp    USB   US9029733048

U.S. BANCORP (USB)

33
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

US BANCORP : U.S. Bancorp Announces Quarterly Dividends

12/14/2010 | 01:10pm US/Eastern

The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.05 per common share, payable January 18, 2011, to shareholders of record at the close of business on December 31, 2010. At this quarterly dividend rate, the annual dividend is equivalent to $0.20 per common share.

U.S. Bancorp Chairman, President and Chief Executive Officer, Richard K. Davis said, ?Raising the dividend is a top priority for our Company's board of directors and senior management. On November 17th, the Federal Reserve issued guidelines by which they will evaluate proposals by large bank holding companies to take capital actions, including dividend increases. As a result, our Company will submit a Comprehensive Capital Plan to the regulators in early January. We look forward to the results of this regulatory review and believe that our Company's strong capital position and ability to generate new capital through earnings will allow us to raise our dividend in 2011.?

The board of directors has also declared a regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock, payable January 18, 2011, to stockholders of record at the close of business on December 31, 2010.

Additionally, the board of directors declared a regular quarterly dividend of $503.13 per share (equivalent to $0.50313 per depositary share) on U.S. Bancorp's Series D Non-Cumulative Perpetual Preferred Stock, payable January 18, 2011, to stockholders of record at the close of business on December 31, 2010.

U.S. Bancorp, with $291 billion in assets as of September 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783


© Business Wire 2010
React to this article
Latest news on U.S. BANCORP
07/01DJFannie, Freddie CEOs to Get $3.4 Million Raises
06/30 U S BANCORP : GlobalCapital Names U.S. Bank “Best Trustee” at Annual..
06/29DJU.S. Bank Settles Litigation Tied to Peregrine
06/29DJU.S. Bank Will Pay $44.5 Million to Settle Litigation Tied to Peregrine
06/26 U.S. BANCORP : ex-dividend day
06/24 U S BANCORP : .S. Bank and Minnesota Vikings Introdce ".S. Bank Stadim," Annonce..
06/24 U S BANCORP : .S. Bank : Invests $5.6 Million to Bild New Reno Health Clinic
06/24 U S BANCORP : Dominski Named Senior Vice President of U.S. Bank Foundation and C..
06/24 U S BANCORP : Dorsey's Eric Ruzicka Wins The National Law Journal's Twin Cities ..
06/23DJU.S. Bancorp's Bond Coup Comes at a Cost
Advertisement
Chart
Duration : Period :
U.S. Bancorp Technical Analysis Chart | USB | US9029733048 | 4-Traders
Income Statement Evolution
More Financials