U.S. Bancorp Announces Quarterly Dividends

BusinessWirevia The Motley Fool
Updated

U.S. Bancorp Announces Quarterly Dividends

MINNEAPOLIS--(BUSINESS WIRE)-- The board of directors of U.S. Bancorp (NYS: USB) has declared a quarterly dividend of $0.195 per common share, payable October 15, 2012, to shareholders of record at the close of business on September 28, 2012. At this quarterly dividend rate, the annual dividend is equivalent to $0.78 per common share.

The board of directors has also declared the following:

  • A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock, payable October 15, 2012, to stockholders of record at the close of business on September 28, 2012.

  • A regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock, payable October 15, 2012, to stockholders of record at the close of business on September 28, 2012.

  • A regular quarterly dividend of $503.13 per share (equivalent to $0.50313 per depositary share) on U.S. Bancorp's Series D Non-Cumulative Perpetual Preferred Stock, payable October 15, 2012, to stockholders of record at the close of business on September 28, 2012.

  • A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp's Series F Non-Cumulative Perpetual Preferred Stock, payable October 15, 2012, to stockholders of record at the close of business on September 28, 2012.

  • A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp's Series G Non-Cumulative Perpetual Preferred Stock, payable October 15, 2012, to stockholders of record at the close of business on September 28, 2012.


U.S. Bancorp, with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.



U.S. Bancorp
Thomas Joyce, Public Relations
612-303-3167
or
Judith T. Murphy, Investor Relations
612-303-0783

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS:

The article U.S. Bancorp Announces Quarterly Dividends originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement