U.S. Bancorp (NYSE:USB) Declares Quarterly Dividend of $0.49

U.S. Bancorp (NYSE:USBGet Free Report) announced a quarterly dividend on Tuesday, June 18th, RTT News reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.49 per share by the financial services provider on Monday, July 15th. This represents a $1.96 dividend on an annualized basis and a yield of 4.99%.

U.S. Bancorp has increased its dividend payment by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 13 years. U.S. Bancorp has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect U.S. Bancorp to earn $4.23 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 46.3%.

U.S. Bancorp Stock Up 0.5 %

USB stock traded up $0.20 during midday trading on Tuesday, reaching $39.29. The company had a trading volume of 6,305,610 shares, compared to its average volume of 8,343,525. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $61.31 billion, a P/E ratio of 12.95, a PEG ratio of 3.74 and a beta of 1.05. The company has a 50 day moving average of $40.64 and a two-hundred day moving average of $41.72.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. On average, equities research analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on USB. UBS Group dropped their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Jefferies Financial Group lifted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Oppenheimer decreased their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.02.

View Our Latest Analysis on U.S. Bancorp

U.S. Bancorp Company Profile

(Get Free Report)

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.

See Also

Dividend History for U.S. Bancorp (NYSE:USB)

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