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US Bancorp (USB) Announces $0.48 Dividend

BusinessMarketsUS Bancorp (USB) Announces $0.48 Dividend
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US Bancorp said on March 14, 2023 that its Board of Directors declared regular quarterly dividend $0.48 per share ($1.92 annualized). Previously, the company paid $0.48 per share.

The shares must have been purchased before the ex-split date of March 30, 2023, to qualify for the dividend. Shareholders of record through March 31, 2023 will receive the payment on April 17, 2023.

At the current share price of $35.44/share, the stock’s dividend yield is 5.42%. Looking back five years and taking one sample each week, the average dividend yield has been 3.41%, with a low of 2.27%, and a high of 5.81%. The standard deviation of the yield is 0.73 (n=237).

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The current dividend yield is 2.75 standard deviations from the historical average.

Additionally, the company has a dividend payout ratio of 0.50. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.

The company has a 3-year dividend growth rate of 0.14%, indicating that it has increased its dividend over time.

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Analyst Price Forecast Indicates 58.83% Upside

By March 16, 2023, average one year price target For US Bancorp it is $56.29. Forecasts range from a low of $44.44 to a high of $80.85. The average price target represents an upside of 58.83% from its latest reported closing price of $35.44.

see our Leaderboard of companies With the biggest price target on the upside.

The estimated annual revenue for US Bancorp is $29,557MM, an increase of 33.49%. Estimated Annual Non-GAAP eps
is $5.10.

What is Fund Sentiment?

there are Reporting of 2670 fund or institution positions At US Bancorp. This is an increase of 133 owners or 5.24% over the previous quarter. average portfolio weight of all funds There is 0.45% dedicated to USB, an increase of 6.43%. Total shares owned by institutions increased by 5.35% to 1,322,861K shares in the past three months. put/call ratio USB has 0.84, which shows a bullish outlook.

What are the big shareholders doing?

JPMorgan Chase &
The company holds 59,026K shares representing 3.85% ownership. No change from last quarter.

The company holds 44,374K shares representing 2.90% ownership.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 42,905K shares representing 2.80% ownership. In its prior filing, the firm reported representing 39,850K shares.
a hike
of 7.12%. Firm


Its portfolio allocation in USB grew by 7.54% in the last quarter.

Price T Rowe Associates
The company holds 32,757K shares representing 2.14% ownership. In its prior filing, the firm reported representing 3,236K shares.
a hike
of 90.12%. Firm


Its portfolio allocation in USB stands at 975.19% as compared to the previous quarter.

VFINX – Vanguard 500 Index Fund Investor Shares
The company holds 31,257K shares representing 2.04% ownership. In its prior filing, the firm reported representing 30,650K shares.
a hike
of 1.94%. Firm


Its portfolio allocation in USB has increased by 1.62% as compared to the previous quarter.

US Bancorp Background Information
(This description is provided by the company.)

US Bancorp is the parent company of the US Bank National Association, the fifth largest commercial bank in the United States, with approximately 70,000 employees and $554 billion in assets as of December 31, 2020. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. US Bank is committed to serving its millions of retail, business, wealth management, payments, commercial and corporate, and investment services customers nationwide and around the world as a trusted financial partner, accredited by the Ethisphere Institute as a Naming Commitment Bank among the World’s Most Ethical Companies of 2020.

This story originally appeared on fintail,

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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