US Bancorp As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
USB $1.92 0.0% 4.3% 9.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Financial Services 5.9% 12 9.9% Quarter N/A
U.S. Bancorp hikes dividend by 23.3%

Financial services holding company U.S. Bancorp (USB) will raise its quarterly dividend by 23.3 percent to $0.37 per share in 2018.  

At this new quarterly dividend rate, the annual dividend will be equivalent to $1.48 per common share.

The next dividend is payable October 15, 2018, to stockholders of record at the close of business on September 28, 2018. The ex-date for this dividend is September 27, 2018. The new annual dividend yields 2.2% at a stock price of $54.14 for USB.

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.