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U.S. Bancorp Announces Quarterly Dividends

MINNEAPOLIS--(BUSINESS WIRE)--Sep. 17, 2013-- The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.23 per common share, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013. At this quarterly dividend rate, the annual dividend is equivalent to $0.92 per common share.

The Board of Directors has also declared the following:

  • A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013.
  • 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, 2013, to shareholders of record at the close of business on September 30, 2013.
  • A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013.
  • A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual Preferred Stock, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013.
  • A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp’s Series H Non-Cumulative Perpetual Preferred Stock, payable October 15, 2013, to shareholders of record at the close of business on September 30, 2013.

U.S. Bancorp, with $353 billion in assets as of June 30, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. Celebrating its 150th anniversary this year, the company operates 3,087 banking offices in 25 states and 5,032 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 at www.usbank.com.

Source: U.S. Bancorp

U.S. Bancorp
Thomas Joyce, 612-303-3167
Public Relations
or
Judith T. Murphy, 612-303-0783
Investor Relations

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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