U.S. Bancorp (NYSE:USB) Declares Dividend Increase – $0.46 Per Share

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, September 14th, RTT News reports. Stockholders of record on Thursday, September 30th will be given a dividend of 0.46 per share by the financial services provider on Friday, October 15th. This represents a $1.84 annualized dividend and a dividend yield of 3.29%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.42.

U.S. Bancorp has raised its dividend payment by 44.8% over the last three years and has raised its dividend annually for the last 1 consecutive years.

U.S. Bancorp stock opened at $55.91 on Wednesday. The stock has a market cap of $82.89 billion, a P/E ratio of 11.97, a PEG ratio of 1.71 and a beta of 1.14. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.74. U.S. Bancorp has a 1 year low of $34.17 and a 1 year high of $62.47. The firm’s 50 day moving average price is $56.53 and its 200-day moving average price is $57.08.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.14. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.62 billion. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 5 EPS for the current year.

A number of research firms recently weighed in on USB. Compass Point raised their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, May 18th. Odeon Capital Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 19th. Morgan Stanley raised their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 29th. Barclays lifted their price objective on shares of U.S. Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 16th. Finally, Oppenheimer lifted their price objective on shares of U.S. Bancorp from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, July 16th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $62.37.

About U.S. Bancorp

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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Dividend History for U.S. Bancorp (NYSE:USB)

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