U.S. Bancorp(NYSE:USB) Declares Dividend of $0.2800.

U.S. Bancorp (NYSE:USB) had declared a cash dividend of $0.2800 on Sep 19, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 19, 2016 share price, the yield comes out to be 2.6291%. The dividend payable date has been fixed on Oct 17, 2016.

In a different note, On Jul 5, 2016, Keefe Bruyette & Woods said it Maintains its rating on U.S. Bancorp. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Market Perform’ by the firm.

U.S. Bancorp (USB) shares turned negative on Thursdays trading session with the shares closing down -0.09 points or -0.21% at a volume of 47,88,200. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.54. The peak price level was also seen at $43.54 while the days lowest was $43.125. Finally the shares closed at $43.17. The 52-week high of the shares is $44.58 while the 52-week low is $37.07. According to the latest information available, the market cap of the company is $73,887 M.

U.S. Bancorp(USB) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.45B. Analysts had an estimated revenue of $5.19B. Earnings per share were $0.82. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Olivia F Kirtley (director) sold 1,454 shares at $42.87 per share price.Also, On Jul 25, 2016, Kent V. Stone (Vice Chairman) sold 29,947 shares at $42.11 per share price.On Jul 25, 2016, Terrance R Dolan (Vice Chairman) sold 5,000 shares at $42.03 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary U.S. Bank National Association is engaged in the general banking business in domestic markets. The Company provides a range of financial services including lending and depository services cash management capital markets and trust and investment management services. It also engages in credit card services merchant and automated teller machines (ATM) processing mortgage banking insurance brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals businesses institutional organizations governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Company’s domestic markets to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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