U.S. Bancorp (NYSE:USB) to Issue Quarterly Dividend of $0.52

Key Points

• U.S. Bancorp has declared a quarterly dividend of $0.52 per share, representing a 4.0% increase from the previous dividend of $0.50.
• The company's payout ratio stands at 41.8%, indicating adequate coverage of the dividend by earnings, with projected earnings of $4.82 per share for the next year.
• U.S. Bancorp's stock increased by 1.5% on the day of the announcement, hitting a new price of $49.36, while trading volume significantly surpassed its average.

U.S. Bancorp (NYSE:USB - Get Free Report) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a 4.0% increase from U.S. Bancorp's previous quarterly dividend of $0.50.

U.S. Bancorp has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 41.5%.

U.S. Bancorp Stock Up 1.5%

USB traded up $0.71 on Tuesday, hitting $49.36. 17,260,273 shares of the company were exchanged, compared to its average volume of 10,507,806. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a market cap of $76.81 billion, a PE ratio of 11.81, a PEG ratio of 1.53 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The stock's fifty day moving average is $46.69 and its 200-day moving average is $43.89.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.