U.S. Bancorp (USB) Increases Dividend by 3.8% to $0.54 Per Share
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowU.S. Bancorp (USB) has increased its quarterly dividend by 3.8% to $0.54 per share, bringing the annualized payout to $2.16 with a yield of 3.5%. The bank reported a 10% year-over-year revenue increase in Q2, totaling $7.7 billion, with net income rising 20% to $2.18 billion. U.S. Bancorp's CET1 ratio was 10.8%, well above the regulatory requirement of 7.1%, indicating a solid capital position to support the dividend. For ordinary investors, this increase enhances U.S. Bancorp's appeal as a dividend stock, backed by robust earnings growth.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About U.S. Bancorp (USB)
U.S. Bancorp is one of the largest U.S. regional banks.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
Earlier USB news
- U.S. Bank (USB) Business Altitude Card Offers 75,000 Bonus Points
- US Bancorp (USB) Files Form 144 on July 23 for Securities
- USB-C Charger Risks: Cheap Cables Can Damage Your Device
- U.S. Bancorp (USB) Maintains Strong P/E Ratio at 11.95 and 11.34
- Futures Little Changed Post Record Highs for S&P 500 and Nasdaq
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