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U.S. Bancorp Announces Quarterly Dividends

March 19, 2019

MINNEAPOLIS--(BUSINESS WIRE)--Mar 19, 2019--The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.37 per common share, payable April 15, 2019, to stockholders of record at the close of business on March 29, 2019. 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 $951.828 per share (equivalent to $9.51828 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2019, to stockholders of record at the close of business on March 29, 2019.
  • A regular quarterly dividend of $218.75 per share (equivalent to $0.21875 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2019, to stockholders of record at the close of business on March 29, 2019.
  • 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 April 15, 2019, to stockholders of record at the close of business on March 29, 2019.
  • 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 April 15, 2019, to stockholders of record at the close of business on March 29, 2019.
  • 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 April 15, 2019, to stockholders of record at the close of business on March 29, 2019.
  • A regular semi-annual dividend of $662.50 per share (equivalent to $26.50000 per depositary share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2019, to stockholders of record at the close of business on March 29, 2019.

Minneapolis-based U.S. Bancorp (NYSE: USB), with 74,000 employees and $467 billion in assets as of December 31, 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 2019 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/20190319005162/en/

CONTACT: Jennifer Thompson, U.S. Bancorp Investor Relations

612.303.0778;jen.thompson@usbank.comRebekah Fawcett, U.S. Bancorp Corporate Communications

612.303.9986;rebekah.fawcett@usbank.comTwitter @usbank_news

KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: U.S. Bancorp

Copyright Business Wire 2019.

PUB: 03/19/2019 10:00 AM/DISC: 03/19/2019 10:01 AM

http://www.businesswire.com/news/home/20190319005162/en