U.S. Bancorp (USB) Raises Quarterly Dividend 4.1% to $0.255; 2.3% Yield

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Go back to U.S. Bancorp (USB) Raises Quarterly Dividend 4.1% to $0.255; 2.3% Yield

U.S. Bancorp Declares 4.1 Percent Increase in Quarterly Common Stock Dividends

June 16, 2015 2:00 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has approved a 4.1 percent increase in the dividend rate on U.S. Bancorp common stock to $1.02 on an annualized basis, or $0.255 on a quarterly basis, payable July 15, 2015, to shareholders of record at the close of business on June 30, 2015.

In March, U.S. Bancorp announced that the Federal Reserve did not object to the Companys capital distribution plan covering the five fiscal quarters ending June 30, 2016, including todays 4.1 percent dividend increase and the previously announced $3.022 billion share... More