U.S. Bancorp (NYSE:USB) Increases Dividend to $0.52 Per Share

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, September 9th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.52 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 4.2%. This is a 4.0% increase from U.S. Bancorp’s previous quarterly dividend of $0.50.

U.S. Bancorp has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 41.5%.

U.S. Bancorp Price Performance

NYSE USB opened at $49.36 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market cap of $76.81 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The firm’s 50-day simple moving average is $46.75 and its two-hundred day simple moving average is $43.93.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.