US Bancorp, the parent company of US Bank National Association, has declared a regular quarterly dividend of $0.28 per common share, payable 17 April 2017 to stockholders of record at the close of business on 31 March 2017.
At this quarterly dividend rate of $0.28 per common share, the annual dividend is equivalent to $1.12 per common share. Additionally, as of 31 December 2016, US Bancorp has $446 billion in assets, making it the fifth largest commercial bank in the United States.
The Board of Directors also declared the following:
- A regular quarterly dividend of $875.000 per share (equivalent to $8.75000 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2017, to stockholders of record at the close of business on March 31, 2017
- A regular quarterly dividend of $218.75 per share (equivalent to $0.21875 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2017, to stockholders of record at the close of business on March 31, 2017
- 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 April 17, 2017, to stockholders of record at the close of business on March 31, 2017
- A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on the Series G Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2017, to stockholders of record at the close of business on March 31, 2017
- 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 April 17, 2017, to stockholders of record at the close of business on March 31, 2017
- A regular semi-annual dividend of $228.19 per share (equivalent to $9.12778 per depositary share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 17, 2017, to stockholders of record at the close of business on March 31, 2017
Access the press release, via US Bank’s website, here.
