News Column

U.S. Bancorp Declares 6.5 Percent Increase in Quarterly Common Stock Dividend

July 5, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- The Board of Directors of U.S. Bancorp (NYSE:USB) has approved a 6.5 percent increase in the dividend rate on U.S. Bancorp common stock to $0.98 on an annualized basis, or $0.245 on a quarterly basis, payable July 15, 2014, to shareholders of record at the close of business on June 30, 2014.

In March, U.S. Bancorp announced that the Federal Reserve did not object to the Company's capital distribution plan covering the four fiscal quarters ending March 31, 2015, including today's 6.5 percent dividend increase and the previously announced $2.3 billion share repurchase plan.

Keywords for this news article include: U.S. Bancorp, Banking and Finance, Investment and Finance.

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Source: Investment Weekly News

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