U.S. Bancorp (USB) will raise its quarterly dividend by 13.5 percent to $0.42 per share in 2019. This follows a 23.3 percent dividend increase by USB last year.
The next dividend is payable October 15, 2019, to stockholders of record at the close of business on September 30, 2019. At this quarterly dividend rate, the annual dividend will be equivalent to $1.68 per common share, yielding 3% at a stock price of $55.95.
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.