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MINNEAPOLIS - U.S. Bancorp (NYSE: USB) announced that its Board of Directors has declared a regular quarterly dividend of $0.50 per common share, payable July 15, 2025, to stockholders of record as of June 30, 2025.
The quarterly dividend represents an annual dividend equivalent of $2.00 per common share.
The board also declared quarterly dividends on several series of preferred stock. These include $1,399.81 per share on Series A, $323.41 per share on Series B, $343.75 per share on Series K, $234.38 per share on Series L, $250.00 per share on Series M, $231.25 per share on Series N, and $281.25 per share on Series O Non-Cumulative Perpetual Preferred Stock.
All preferred stock dividends will be paid on July 15, 2025, to stockholders of record at the close of business on June 30, 2025.
U.S. Bancorp, headquartered in Minneapolis, is the parent company of U.S. Bank National Association with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, according to the company’s press release statement.
In other recent news, U.S. Bancorp’s financial outlook has been a focal point for several analyst firms, with mixed adjustments to the company’s stock price target. Evercore ISI raised its price target to $49 while maintaining an In Line rating, noting stable revenue trends and positive operating leverage expectations. Conversely, DA Davidson and Keefe, Bruyette & Woods both reduced their price targets to $49, citing a blend of performance results and future revenue projections, with DA Davidson retaining a Buy rating and Keefe Bruyette maintaining a Market Perform rating. Wells Fargo also cut its price target to $50 but kept an Overweight rating, highlighting improved costs, credit, and capital conditions.
In terms of leadership changes, U.S. Bancorp announced the promotion of Adam Graves to senior executive vice president and head of enterprise strategy and administration. Graves, who joined the company in 2023, will now oversee various corporate functions, including real estate, marketing, and public affairs. U.S. Bancorp’s new CEO, Gunjan Kedia, has committed to meeting medium-term profitability goals and aims for a 200 basis point improvement in operating leverage by 2025. Despite challenges, the company continues to focus on strategic growth and maintaining financial stability under Kedia’s leadership.
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