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

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 31st will be given a dividend of 0.52 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

U.S. Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 14 years. U.S. Bancorp has a payout ratio of 43.4% indicating that its dividend is sufficiently covered by earnings. 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 $2.08 annual dividend with an expected future payout ratio of 43.2%.

U.S. Bancorp Price Performance

NYSE:USB opened at $52.19 on Thursday. The firm has a market cap of $81.09 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average is $55.95 and its two-hundred day moving average is $51.56.

U.S. Bancorp (NYSE:USB) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. U.S. Bancorp’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.