MINNEAPOLIS--(BUSINESS WIRE)--Dec. 18, 2018--
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a
regular quarterly dividend of $0.37 per common share, payable January
15, 2019, to stockholders of record at the close of business on December
31, 2018. At this quarterly dividend rate, the annual dividend is
equivalent to $1.48 per common share.
The Board of Directors also declared the following:
-
A regular quarterly dividend of $894.444 per share (equivalent to
$8.94444 per depositary share) on the Series A Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019,
to stockholders of record at the close of business on December 31,
2018.
-
A regular quarterly dividend of $223.61 per share (equivalent to
$0.22361 per depositary share) on the Series B Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019,
to stockholders of record at the close of business on December 31,
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 January 15, 2019,
to stockholders of record at the close of business on December 31,
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 January 15, 2019,
to stockholders of record at the close of business on December 31,
2018.
-
A regular quarterly dividend of $343.75 per share (equivalent to
$0.34375 per depositary share) on the Series K Non-Cumulative
Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019,
to stockholders of record at the close of business on December 31,
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 January 15, 2019, to
stockholders of record at the close of business on December 31, 2018.
Minneapolis-based U.S. Bancorp (NYSE: USB), with 74,000 employees and
$465 billion in assets as of September 30, 2018, is the parent company
of U.S. Bank, the fifth-largest commercial bank in the United States.
The Minneapolis-based bank blends its relationship teams, branches and
ATM network with mobile and online tools that allow customers to bank
how, when and where they prefer. U.S. Bank is committed to serving its
millions of retail, business, wealth management, payment, commercial and
corporate, and investment services customers across the country and
around the world as a trusted financial partner, a commitment recognized
by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical
Company. Visit U.S. Bank at www.usbank.com
or follow on social media to stay up to date with company news.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181218005570/en/
Source: U.S. Bancorp
Jennifer Thompson, U.S. Bancorp Investor Relations – 612.303.0778; jen.thompson@usbank.com
Rebekah
Fawcett, U.S. Bancorp Corporate Communications – 612.303.9986; rebekah.fawcett@usbank.com
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