U.S. Bancorp provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services for customers in the Midwest and West regions of the United States. The company was founded in 1863 and is based in Minneapolis, Minnesota.
U.S. Bancorp (NYSE: USB) will release its third quarter 2020 earnings results before the market opens on Wednesday, October 14. At 8 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Vice Chair and Chief Financial Officer Terry Dolan will host a conference call to review the financial results. The conference call will be available online or by telephone.
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As for the common shares held by most of its investors, the bank's board of directors has declared a fresh quarterly payout of $0.42 per share. At U.S. Bancorp's most recent closing stock price, it would yield 4.5%. U.S. Bancorp is keeping its dividend steady despite the current economic environment, which is not conducive to banks.
The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.42 per common share, payable October 15, 2020, to stockholders of record at the close of business on September 30, 2020. At this quarterly dividend rate, the annual dividend is equivalent to $1.68 per common share.