U.S. Bancorp (USB) Declares $0.48 Quarterly Dividend; 4.2% Yield

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U.S. Bancorp Announces Quarterly Dividends

September 13, 2022 4:56 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.48 per common share, payable October 17, 2022, to stockholders of record at the close of business on September 30, 2022. This represents an increase of 4.3 percent compared to the prior quarterly dividend of $0.46 per common share. At this new quarterly dividend rate, the annual dividend is equivalent to $1.92 per common share.

The Board of Directors also declared the following:

A regular quarterly dividend of $902.622 per share (equivalent to $9.026220 per depositary... More