U.S. Bancorp (NYSE:USB) to Issue Quarterly Dividend of $0.52

U.S. Bancorp (NYSE:USB) announced a quarterly dividend on Tuesday, March 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.52 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, March 31st.

U.S. Bancorp has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. U.S. Bancorp has a payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect U.S. Bancorp to earn $4.82 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 43.2%.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.23 during trading on Wednesday, hitting $52.18. The company’s stock had a trading volume of 8,131,833 shares, compared to its average volume of 11,284,525. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $81.08 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.93 and a beta of 1.04. The company has a 50-day moving average of $55.98 and a 200-day moving average of $51.56. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Cowen increased their price target on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. DA Davidson upped their price objective on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Evercore increased their target price on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. HSBC reissued a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada upped their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $60.02.

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.