MINNEAPOLIS, Mar 17, 2004 (BUSINESS WIRE) -- The board of directors of U.S.
Bancorp (NYSE:USB) has declared a quarterly dividend of $0.24 per common share,
payable April 15, 2004 to shareholders of record at the close of business on
March 31, 2004. At this quarterly dividend rate, the annual dividend is
equivalent to $0.96 per common share.
U.S. Bancorp, through its predecessor companies, has increased its annual
dividend rate in each of the past 32 years and has paid a dividend for 141
consecutive years. The most recent increase in the U.S. Bancorp common share
dividend was announced on December 16, 2003, when the dividend rate was raised
17 percent to its current rate from $0.82 on an annualized basis, or $0.205 on a
U.S. Bancorp is also recognized by Standard & Poor's in the "S&P 500 Dividend
Aristocrats" list which features companies that have increased their dividend
for at least 25 consecutive years. S&P also notes that only nine other issues
have paid a dividend longer than U.S. Bancorp, which first paid a dividend in
1863. Of the top ten companies that have paid a dividend the longest, only six
of these companies, including U.S. Bancorp, are headquartered in the United
U. S. Bancorp, with assets of $189 billion, is the 8th largest financial
services holding company in the United States. The company operates 2,243
banking offices and 4,425 ATMs, and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star
Service Guarantee which assures customers of certain key banking benefits and
services or customers will be paid for their inconvenience. U.S. Bancorp is the
parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.
SOURCE: U.S. Bancorp
CONTACT: U.S. Bancorp
Steve Dale (Media), 612-303-0784
H. D. McCullough (Analysts), 612-303-0786
Judy Murphy (Analysts), 612-303-0783
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SOURCE: U.S. Bancorp