US Bancorp announces quarterly dividends

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MINNEAPOLIS – (BUSINESS WIRE) – The board of directors of US Bancorp (NYSE: USB) has declared a regular quarterly dividend of $ 0.46 per common share, payable October 15, 2021, to shareholders of record at the close of offices on September 30, 2021. At this quarterly dividend rate, the annual dividend equals $ 1.84 per common share.

The Board of Directors also stated the following:

  • A regular quarterly dividend of $ 894.444 per share (equivalent to $ 8.944440 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series A, payable October 15, 2021, to shareholders of record at the close of business on September 30, 2021.

  • A regular quarterly dividend of $ 223.611 per share (equivalent to $ 0.223611 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series B, payable October 15, 2021, to shareholders of record at the close of business on September 30, 2021.

  • A regular quarterly dividend of $ 406,250 per share (equivalent to $ 0.406250 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series F, payable October 15, 2021, to shareholders of record at the close of business on September 30, 2021.

  • A regular quarterly dividend of $ 343.750 per share (equivalent to $ 0.343750 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series K, payable October 15, 2021, to shareholders of record at the close of business on September 30, 2021.

  • A regular quarterly dividend of $ 234.375 per share (equivalent to $ 0.234375 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series L, payable October 15, 2021, to shareholders of record at the close of business on September 30, 2021.

  • A regular quarterly dividend of $ 250,000 per share (equivalent to $ 0.250,000 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series M, payable October 15, 2021, to shareholders of record as of the close of business on September 30, 2021.

  • A regular semi-annual dividend of $ 662,500 per share (equivalent to $ 26,500,000 per custodian share) on US Bancorp Perpetual Non-Cumulative Preferred Shares Series J, payable October 15, 2021, to shareholders of record at the close of business September 30, 2021.

About US Bancorp

US Bancorp, with nearly 70,000 employees and $ 559 billion in assets as of June 30, 2021, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse mix of businesses: Personal and business banking; Payment services; Banking services for businesses and businesses; and Wealth and Investment Management Services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the world’s most ethical companies in 2021 and Fortune’s most admired super-regional bank. Learn more at usbank.com/about.

Investor contact: Jennifer Thompson, US Bancorp Investor Relations

[email protected], 612.303.0778, @usbank_news

Media contact: Jeff Shelman, US Bancorp Public Affairs and Communications

[email protected], 612.303.9933, @usbank_news

Source: Bancorp from the United States


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