NEW YORK (

TheStreet

) -- The ex-dividend date for

U.S. Bancorp

(NYSE:

USB

) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $24.73 as of 9:31 a.m. ET, the dividend yield is 2.2%.

The average volume for U.S has been 16.7 million shares per day over the past 30 days. U.S has a market cap of $44.6 billion and is part of the

financial

sector and

banking

industry. Shares are down 9.7% year to date as of the close of trading on Monday.

TheStreet Recommends

U.S. Bancorp, a financial services holding company, provides various banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts. The company has a P/E ratio of 11.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates U.S as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

U.S Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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