U.S. Bancorp (NYSE:USB) Declares Quarterly Dividend of $0.54

U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.54 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 30th. This is a 3.8% increase from U.S. Bancorp’s previous quarterly dividend of $0.52.

U.S. Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. U.S. Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect U.S. Bancorp to earn $5.76 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 36.1%.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $62.52 on Wednesday. The firm has a market capitalization of $97.41 billion, a P/E ratio of 12.48, a PEG ratio of 1.13 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average price of $63.16 and a 200 day moving average price of $57.93. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter in the prior year, the business posted $1.11 EPS. Sell-side analysts expect that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.

Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.