U.S. Bancorp Announces Quarterly Common Stock Dividend.MINNEAPOLIS -- The board of directors of U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. (NYSE NYSE See: New York Stock Exchange :USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) has declared a quarterly dividend of $0.40 per common share, payable October 15, 2007 to shareholders of record at the close of business on September 28, 2007. At this quarterly dividend rate, the annual dividend is equivalent to $1.60 per common share. U.S. Bancorp, through its predecessor companies, has increased its annual dividend rate in each of the past 35 years and has paid a dividend for 144 consecutive years. The most recent increase in the U.S. Bancorp common share dividend was reflected in the dividend paid on January 16, 2007, when the dividend rate was raised 21 percent to its current rate. Previously the rate had been $1.32 on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, or $0.33 on a quarterly basis. The board of directors has also declared a regular quarterly dividend of $376.64 per share (equivalent to $0.37664 per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , payable October 15, 2007, to stockholders of record at the close of business on September 28, 2007. U.S. Bancorp, with $223 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company operates 2,499 banking offices and 4,867 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com. |
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