U.S. Bancorp (USB) to Issue Quarterly Dividend of $0.30 on January 16th

U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, December 19th, RTT News reports. Investors of record on Friday, December 29th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, January 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 28th.

U.S. Bancorp has raised its dividend payment by an average of 7.1% annually over the last three years and has raised its dividend every year for the last 6 years. U.S. Bancorp has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect U.S. Bancorp to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.3%.

U.S. Bancorp (NYSE USB) traded down $0.07 on Friday, reaching $54.46. The company’s stock had a trading volume of 3,792,648 shares, compared to its average volume of 5,811,558. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $90,492.04, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. sell-side analysts predict that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

A number of equities analysts have issued reports on USB shares. Jefferies Group reiterated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 12th. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, October 6th. Finally, Nomura increased their target price on U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.73.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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