Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  U.S. Bancorp    USB

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

US BANCORP : U.S. Bancorp Announces Quarterly Dividends

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2010 | 07:10pm CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on U.S. BANCORP
03/23 U S BANCORP : .S. Bank Named a World's Most Ethical Company® by the Ethisphere I..
03/23 U S BANCORP : .S. Bank Raises Prime Lending Rate to 4.00 Percent from 3.75 Perce..
03/23 U S BANCORP : .S. Bank Annonces Winner of National LGBT Debit Card Design Contes..
03/23 U S BANCORP : Bill Bertha, Wisconsin Market President at U.S. Bank, to Retire
03/21 U.S. BANCORP : Announces Quarterly Dividends
03/20 U.S. BANK : is First to Offer Mobile Payments for Visa® Commercial Cards
03/16 U.S. BANCORP : Announces Redemption of All Outstanding Depositary Shares Represe..
03/15 U S BANCORP : .S. Bank Raises Prime Lending Rate to 4.00 Percent from 3.75 Perce..
03/15 U S BANCORP : .S. Bank Named a World's Most Ethical Company by the Ethisphere In..
03/15 U S BANCORP : .S. Bank Annonces Winner of National LGBT Debit Card Design Contes..
More news
Sector news : Banks - NEC
08:35aDJLAND SECURITIES : in Talks With Deutsche Bank to Pre-Let 21 Moorfields
03/23 For Goldman Sachs, a rare pass from shareholder resolutions
03/23 Ireland finance ministry appoints bookrunners for AIB IPO
03/23DJBARCLAYS : U.K. Regulator Reopens Probe Into Barclays' 2008 Deal With Qatari Inv..
03/23DJATLAS MARA : Barclays Capital Securities Holds 4.2 Million Shares
More sector news : Banks - NEC
News from SeekingAlpha
03/21 U.S. Bancorp declares $0.28 dividend
03/20 Financials continue to struggle post-rate hike
03/19 Low Volatility And High Beta Stocks Prior To Last Downturn
03/18 Insider Trading Trends At 16 Banks
03/15 Banks head lower following rate hike
Advertisement
Financials ($)
Sales 2017 22 196 M
EBIT 2017 9 767 M
Net income 2017 5 890 M
Debt 2017 -
Yield 2017 2,24%
P/E ratio 2017 15,08
P/E ratio 2018 13,65
Capi. / Sales 2017 4,01x
Capi. / Sales 2018 3,80x
Capitalization 89 030 M
More Financials
Chart U.S. BANCORP
Duration : Period :
U.S. Bancorp Technical Analysis Chart | USB | US9029733048 | 4-Traders
Full-screen chart
Technical analysis trends U.S. BANCORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 54,8 $
Spread / Average Target 4,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Richard K. Davis Chairman & Chief Executive Officer
Andrew J. Cecere President & Chief Operating Officer
Terrance R. Dolan Chief Financial Officer & Vice Chairman
Jeffry H. von Gillern Vice Chairman-Technology & Operations
Arthur D. Collins Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
U.S. BANCORP2.36%89 030
JPMORGAN CHASE & CO.1.27%312 154
WELLS FARGO & CO0.25%276 464
INDUSTRIAL AND COMMRCL..5.90%240 225
BANK OF AMERICA CORP4.39%230 976
CHINA CONSTRUCTION BAN..7.35%205 760
More Results