MINNEAPOLIS--(BUSINESS WIRE)--Sep. 15, 2009-- The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.05 per common share, payable October 15, 2009, to shareholders of record at the close of business on September 30, 2009. At this quarterly dividend rate, the annual dividend is equivalent to $0.20 per common share.
The board of directors has also declared a regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp’s Series B Non-Cumulative Perpetual Preferred Stock, payable October 15, 2009, to stockholders of record at the close of business on September 30, 2009.
Additionally, the board of directors declared a regular quarterly dividend of $503.13 per share (equivalent to $0.50313 per depositary share) on U.S. Bancorp’s Series D Non-Cumulative Perpetual Preferred Stock, payable October 15, 2009, to stockholders of record at the close of business on September 30, 2009.
Minneapolis-based U.S. Bancorp, with $266 billion in assets, is the parent company of U.S. Bank National Association, the 6th largest commercial bank in the United States. The company operates 2,850 banking offices and 5,173 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.
Source: U.S. Bancorp
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