US Bancorp : U.S. Bancorp Announces Quarterly Dividends
June 19, 2018 at 11:18 am EDT
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MINNEAPOLIS--(BUSINESS WIRE)--Jun. 19, 2018-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.30 per common share, payable July 16, 2018, to stockholders of record at the close of business on June 29, 2018. At this quarterly dividend rate, the annual dividend is equivalent to $1.20 per common share.
The Board of Directors also declared the following:
A regular quarterly dividend of $884.722 per share (equivalent to $8.84722 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 16, 2018, to stockholders of record at the close of business on June 29, 2018.
A regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 16, 2018, to stockholders of record at the close of business on June 29, 2018.
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 July 16, 2018, to stockholders of record at the close of business on June 29, 2018.
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 July 16, 2018, to stockholders of record at the close of business on June 29, 2018.
A regular semi-annual dividend of $640.625 per share (equivalent to $25.625 per depositary share) on the Series I Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable July 16, 2018, to stockholders of record at the close of business on June 29, 2018.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $460 billion in assets as of March 31, 2018, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,054 banking offices in 25 states and 4,729 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180619005858/en/
Source: U.S. Bancorp
Jennifer Thompson, U.S. Bank Investor Relations
612.303.0778; jen.thompson@usbank.com
or
Stacey Wempen, U.S. Bank Corporate Communications
612.303.7620; stacey.wempen@usbank.com
Twitter @usbank_news
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U.S. Bancorp published this content on 19 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 June 2018 15:17:10 UTC
U.S. Bancorp is a financial services group organized around 5 sectors of activities:
- retail banking (41.3% of income): sale of classic and specialized banking products and services (leasing, mortgage lending, insurance, etc.);
- payment services (24.2%) ;
- corporate and commercial banking (18.6%) ;
- wealth management (12.3%) ;
- market banking (3.6%).
At the end of 2020, the group managed USD 429.8 billion in current deposits and USD 297.7 billion in current credits.
Products and services are marketed through a network of 2,434 banking agencies located in the United States.