U.S Stock To Go Ex-dividend Tomorrow (USB)

NEW YORK ( TheStreet) -- The ex-dividend date for U.S. Bancorp (NYSE: USB) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $32.01 as of 9:30 a.m. ET, the dividend yield is 2.5%.

The average volume for U.S has been 12.9 million shares per day over the past 30 days. U.S has a market cap of $54.29 billion and is part of the financial sector and banking industry. Shares are up 18.7% year to date as of the close of trading on Monday.

U.S. Bancorp, a financial services holding company, provides various banking and financial services in the United States. The company offers depository services, such as checking accounts, savings accounts, and time certificate contracts. The company has a P/E ratio of 12.9, above the average banking industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates U.S as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full U.S Ratings Report.

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