Business & Finance
Thu, September 20, 2012
MINNEAPOLIS--([ BUSINESS WIRE ])--The board of directors of U.S. Bancorp (NYSE: 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. Bancorpas 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. Bancorpas 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 ].