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

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

U.S. Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. U.S. Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

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

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that U.S. Bancorp will post 5.07 EPS 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.