U.S. Bancorp Announces Quarterly Dividends

Before you go, we thought you'd like these...
Before you go close icon

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 $0.23 per common share, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013. At this quarterly dividend rate, the annual dividend is equivalent to $0.92 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, 2013, to shareholders of record at the close of business on September 30, 2013.
  • 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, 2013, to shareholders of record at the close of business on September 30, 2013.
  • 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, 2013, to shareholders of record at the close of business on September 30, 2013.
  • 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, 2013, to shareholders of record at the close of business on September 30, 2013.
  • A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp's Series H Non-Cumulative Perpetual Preferred Stock, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013.

U.S. Bancorp, with $353 billion in assets as of June 30, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. Celebrating its 150th anniversary this year, the company operates 3,087 banking offices in 25 states and 5,032 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.



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

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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners