U.S. Bancorp Declares Quarterly Dividend of $0.42 (NYSE:USB)

U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, September 15th, RTT News reports. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.42 per share by the financial services provider on Thursday, October 15th. This represents a $1.68 annualized dividend and a dividend yield of 4.51%.

U.S. Bancorp has raised its dividend payment by 47.7% over the last three years and has raised its dividend annually for the last 9 consecutive years.

NYSE:USB opened at $37.25 on Wednesday. U.S. Bancorp has a twelve month low of $28.36 and a twelve month high of $61.11. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The stock’s 50-day simple moving average is $36.98 and its 200 day simple moving average is $36.52. The firm has a market capitalization of $56.22 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.44 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, analysts anticipate that U.S. Bancorp will post 2.5 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $42.00 price objective on shares of U.S. Bancorp in a research report on Monday, July 20th. Zacks Investment Research raised U.S. Bancorp from a “strong sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research note on Tuesday, June 2nd. Wells Fargo & Company boosted their target price on shares of U.S. Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Morgan Stanley dropped their price target on shares of U.S. Bancorp from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Thursday, June 11th. Finally, Deutsche Bank raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.68.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Further Reading: Dividend Kings

Dividend History for U.S. Bancorp (NYSE:USB)

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