MINNEAPOLIS - U.S. Bancorp (NYSE: USB) has announced a series of regular dividend payments to its shareholders, as confirmed by the company’s Board of Directors. The declared dividends include a regular quarterly dividend of $0.50 per common share, which will be paid on April 15, 2025, to shareholders on record as of the close of business on March 31, 2025. This quarterly rate indicates an annual dividend of $2.00 per common share, representing an attractive 4.72% yield. According to InvestingPro data, U.S. Bancorp has maintained dividend payments for 54 consecutive years and has raised its dividend for 14 straight years, demonstrating its commitment to shareholder returns.
With the stock currently trading at $41.56, down 11.42% year-to-date, and showing signs of being undervalued according to InvestingPro’s Fair Value analysis, these dividend announcements come at an interesting time. In addition to the common stock dividend, U.S. Bancorp has declared dividends on various series of its preferred stock, all payable on the same date of April 15, 2025, to stockholders of record at the close of business on March 31, 2025. The dividends per share for the preferred stock series are as follows:
- Series A Non-Cumulative Perpetual Preferred Stock: $1,395.898 (equivalent to $13.958980 per depositary share)
- Series B Non-Cumulative Perpetual Preferred Stock: $322.724 (equivalent to $0.322724 per depositary share)
- Series J Non-Cumulative Perpetual Preferred Stock: $662.500 semi-annually (equivalent to $26.500000 per depositary share)
- Series K Non-Cumulative Perpetual Preferred Stock: $343.750 (equivalent to $0.343750 per depositary share)
- Series L Non-Cumulative Perpetual Preferred Stock: $234.375 (equivalent to $0.234375 per depositary share)
- Series M Non-Cumulative Perpetual Preferred Stock: $250.000 (equivalent to $0.250000 per depositary share)
- Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock: $231.250 (equivalent to $9.250000 per depositary share)
- Series O Non-Cumulative Perpetual Preferred Stock: $281.250 (equivalent to $0.281250 per depositary share)
U.S. Bancorp, a financial services holding company with $678 billion in assets as of December 31, 2024, is known for its diverse range of services including consumer and business banking, commercial and institutional banking, payments, and wealth management. The Minneapolis-based company is recognized for its digital innovation, community partnerships, and customer service, having been named one of the World’s Most Ethical Companies and one of Fortune’s most admired superregional banks in 2024.
This announcement of dividend payouts is based on a press release statement from U.S. Bancorp, reflecting the company’s ongoing commitment to return value to its shareholders.
In other recent news, U.S. Bancorp has announced several significant developments. The company reported its fourth-quarter earnings, revealing an earnings per share (EPS) of $1.01, slightly below the expected $1.05, though adjusted EPS would have been $1.07 after accounting for certain one-time items. This announcement led to a notable 5.6% decline in the bank’s stock on the day of the earnings release. Additionally, Piper Sandler adjusted its price target for U.S. Bancorp to $55 from $58, maintaining an Overweight rating, while Oppenheimer increased its price target to $63 from $62, reiterating an Outperform rating.
Raymond James also maintained an Outperform rating with a $57 price target, expressing confidence in the bank’s ability to enhance operating leverage and profitability. In leadership news, U.S. Bancorp has announced that Gunjan Kedia will succeed Andy Cecere as CEO in mid-April, with Cecere transitioning to the role of executive chairman. The company also disclosed that Shailesh M. Kotwal, Vice Chair of Payment Services, will retire in 2025 but remain in an advisory role until mid-year. Furthermore, board member Scott W. Wine will not seek re-election after his term concludes at the 2025 Annual Meeting of Shareholders. These developments are being closely monitored by investors as the company navigates its strategic and executive transitions.
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