U.S. Bancorp Announces Quarterly Dividends

MINNEAPOLIS--(BUSINESS WIRE)--The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.125 per common share, payable January 17, 2012, to shareholders of record at the close of business on December 30, 2011. At this quarterly dividend rate, the annual dividend is equivalent to $0.50 per common share.

The board of directors has also declared a regular quarterly dividend of $894.44 per share (equivalent to $8.9444 per depositary share) on U.S. Bancorp's Series A Non-Cumulative Perpetual Preferred Stock, payable January 17, 2012, to stockholders of record at the close of business on December 30, 2011.

Additionally, the board of directors declared a regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock, payable January 17, 2012, to stockholders of record at the close of business on December 30, 2011.

Finally, the board also declared a regular quarterly dividend of $503.13 per share (equivalent to $0.50313 per depositary share) on U.S. Bancorp's Series D Non-Cumulative Perpetual Preferred Stock, payable January 17, 2012, to stockholders of record at the close of business on December 30, 2011.

U.S. Bancorp, with $330 billion in assets as of September 30, 2011, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,089 banking offices in 25 states and 5,092 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at usbank.com.