U.S. Bancorp (USB) to Issue Quarterly Dividend of $0.52 on October 15th

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, September 9th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a 4.0% increase from U.S. Bancorp’s previous quarterly dividend of $0.50.

U.S. Bancorp has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 41.5%.

U.S. Bancorp Trading Up 0.8%

Shares of NYSE USB opened at $49.42 on Friday. The firm’s 50 day moving average price is $47.40 and its 200-day moving average price is $44.35. The company has a market cap of $76.91 billion, a PE ratio of 11.82, a P/E/G ratio of 1.55 and a beta of 1.05. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on USB. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. DA Davidson raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Truist Financial raised their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Oppenheimer lowered their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Finally, Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $52.83.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.