U.S. Bancorp (USB) to Distribute Quarterly Dividend of $0.52 on July 15th

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, June 16th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

U.S. Bancorp has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 14 years. U.S. Bancorp has a dividend payout ratio of 43.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $5.63 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 36.9%.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $60.93 on Friday. The business’s fifty day simple moving average is $56.09 and its 200 day simple moving average is $55.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $61.88. The firm has a market capitalization of $94.51 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current year.

Insider Transactions at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors have recently made changes to their positions in USB. Financial Life Planners bought a new position in shares of U.S. Bancorp during the third quarter valued at about $25,000. Clayton Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $25,000. Main Street Group LTD purchased a new stake in U.S. Bancorp in the first quarter worth about $28,000. JPL Wealth Management LLC bought a new stake in U.S. Bancorp during the 3rd quarter valued at approximately $28,000. Finally, Binnacle Investments Inc boosted its position in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.