MINNEAPOLIS--(BUSINESS WIRE)--Sept. 18, 2007--The board of
directors of U.S. Bancorp (NYSE:USB) has declared a quarterly dividend
of $0.40 per common share, payable October 15, 2007 to shareholders of
record at the close of business on September 28, 2007. At this
quarterly dividend rate, the annual dividend is equivalent to $1.60
per common share.
U.S. Bancorp, through its predecessor companies, has increased its
annual dividend rate in each of the past 35 years and has paid a
dividend for 144 consecutive years. The most recent increase in the
U.S. Bancorp common share dividend was reflected in the dividend paid
on January 16, 2007, when the dividend rate was raised 21 percent to
its current rate. Previously the rate had been $1.32 on an annualized
basis, or $0.33 on a quarterly basis.
The board of directors has also declared a regular quarterly
dividend of $376.64 per share (equivalent to $0.37664 per depositary
share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred
Stock, payable October 15, 2007, to stockholders of record at the
close of business on September 28, 2007.
U.S. Bancorp, with $223 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States.
The company operates 2,499 banking offices and 4,867 ATMs, 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
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
Judith T. Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp