U.S. Bancorp (USB) to Issue Quarterly Dividend of $0.54 on October 15th

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.54 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 30th. This is a 3.8% increase from U.S. Bancorp’s previous quarterly dividend of $0.52.

U.S. Bancorp has increased its dividend payment 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 payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect U.S. Bancorp to earn $5.76 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 36.1%.

U.S. Bancorp Trading Down 0.4%

Shares of NYSE:USB opened at $62.22 on Thursday. The business’s 50 day simple moving average is $63.16 and its 200 day simple moving average is $57.96. U.S. Bancorp has a 1 year low of $45.02 and a 1 year high of $66.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $96.94 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.11 and a beta of 0.95.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period in the previous year, the firm earned $1.11 EPS. On average, research analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Robert W. Baird upped their price objective on shares of U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. CLSA set a $67.50 target price on shares of U.S. Bancorp in a report on Monday, July 20th. Finally, Barclays boosted their target price on shares of U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.06.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.

Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.