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.
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
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.