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U.S. Bancorp Announces Quarterly Dividends

December 18, 2018

MINNEAPOLIS--(BUSINESS WIRE)--Dec 18, 2018--The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.37 per common share, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. At this quarterly dividend rate, the annual dividend is equivalent to $1.48 per common share.

The Board of Directors also declared the following:

A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. A regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on the Series F Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on the Series H Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. A regular quarterly dividend of $343.75 per share (equivalent to $0.34375 per depositary share) on the Series K Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018. A regular semi-annual dividend of $640.625 per share (equivalent to $25.625 per depositary share) on the Series I Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable January 15, 2019, to stockholders of record at the close of business on December 31, 2018.

Minneapolis-based U.S. Bancorp (NYSE: USB), with 74,000 employees and $465 billion in assets as of September 30, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com or follow on social media to stay up to date with company news.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005570/en/

CONTACT: Jennifer Thompson, U.S. Bancorp Investor Relations – 612.303.0778;jen.thompson@usbank.com

Rebekah Fawcett, U.S. Bancorp Corporate Communications – 612.303.9986;rebekah.fawcett@usbank.com

Twitter @usbank_news

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE INSURANCE

SOURCE: U.S. Bancorp

Copyright Business Wire 2018.

PUB: 12/18/2018 11:00 AM/DISC: 12/18/2018 11:00 AM

http://www.businesswire.com/news/home/20181218005570/en

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