The dividend is payable January 15, 2015 to stockholders of record at the close of business on December 31, 2014. At this quarterly dividend rate, the annual dividend is equivalent to 98 cents per common share.
Minneapolis-based U.S. Bancorp, with $391 billion in assets as of September 30, 2014, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the U.S.
Separately, TheStreet Ratings team rates U S BANCORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate U S BANCORP (USB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: