MINNEAPOLIS--(BUSINESS WIRE)--Sept. 19, 2006--The board of
directors of U.S. Bancorp (NYSE:USB) has declared a quarterly dividend
of $0.33 per common share, payable October 16, 2006, to shareholders
of record at the close of business on September 30, 2006. At this
quarterly dividend rate, the annual dividend is equivalent to $1.32
per common share.
U.S. Bancorp, through its predecessor companies, has increased its
annual common share 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 $385.92 per share (equivalent to $.38592 per depositary
share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred
Stock, payable October 16, 2006, to stockholders of record at the
close of business on September 30, 2006.
U.S. Bancorp, with $213 billion in assets, is the 6th largest bank
holding company in the United States. The company operates 2,434
banking offices and 4,966 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 (Media), 612-303-0784
Judy Murphy (Analysts), 612-303-0783
SOURCE: U.S. Bancorp