MINNEAPOLIS--(BUSINESS WIRE)--June 20, 2006--The board of
directors of U.S. Bancorp (NYSE:USB) has declared a quarterly dividend
of $0.33 per common share, payable July 17, 2006, to shareholders of
record at the close of business on June 30, 2006. At this quarterly
dividend rate, the annual dividend is equivalent to $1.32 per common
U.S. Bancorp, through its predecessor companies, has increased its
annual dividend rate in each of the past 34 years and has paid a
dividend for 143 consecutive years. The most recent increase in the
U.S. Bancorp common share dividend was reflected in the dividend paid
on January 16, 2006, when the dividend rate was raised 10 percent to
its current rate. Previously the rate had been $1.20 on an annualized
basis, or $0.30 on a quarterly basis.
The board of directors has also declared a regular quarterly
dividend of $432.44 per share (equivalent to $.43244 per depository
share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred
Stock, payable July 17, 2006, to stockholders of record at the close
of business on June 30, 2006.
U.S. Bancorp, with $210 billion in assets, is the 6th largest bank
holding company in the United States. The company operates 2,430
banking offices and 4,941 ATMs in 24 states, 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 the parent company of U.S. Bank.
Visit U.S. Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bancorp
Steve Dale, 612-303-0784
Judy Murphy, 612-303-0783
SOURCE: U.S. Bancorp