U.S. Bancorp (NYSE:USB) Announces $0.52 Quarterly Dividend

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, June 16th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, June 30th.

U.S. Bancorp has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. U.S. Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect U.S. Bancorp to earn $5.61 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 37.1%.

U.S. Bancorp Stock Up 1.9%

Shares of U.S. Bancorp stock opened at $58.87 on Wednesday. The stock’s fifty day moving average is $55.46 and its 200-day moving average is $54.71. The firm has a market capitalization of $91.32 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12-month low of $42.55 and a 12-month high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 5.07 earnings per share for the current year.

U.S. Bancorp Company Profile

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.