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Data last updated: Aug 17, 2026
Snapshot (as of Aug 17, 2026): U.S. Bancorp (USB) pays a $2.08 annual dividend ($0.52 quarterly), yielding 3.18% at $65.42/share. Next ex-dividend date 2026-06-30. 16 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.18%
Annual Dividend: $2.08 per share
Payout Ratio: 43.4%
Ex-Dividend Date: 2026-06-30
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 43
U.S. Bancorp dividend income comes from one of the largest diversified banks in the United States, spanning corporate lending, payment services, wealth management, and consumer banking across more than 2,200 branches. The current yield stands at 3.18%, with a trailing annual dividend rate of $2.08 per share paid quarterly. The next ex-dividend date is June 30, 2026. With a beta of 0.977, USB tracks closely with the broader market, making it a fit for dividend investors who want income without outsized volatility.
U.S. Bancorp pays out 43.4% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful room to absorb earnings pressure without forcing a cut, supported by a diversified revenue base spanning payment services, commercial lending, and fee-generating wealth management and fiduciary services. U.S. Bancorp dividend safety faces its most direct test from credit cycle sensitivity, as a bank's earnings can contract during periods of rising loan losses, which would compress the coverage cushion the current payout ratio provides.
Over the past 14 years, U.S. Bancorp dividend history shows a CAGR of 10.6% per year from 2011 to 2025. Per-share payments grew from $0.50 to $2.04 over that window (2026 data is partial and excluded from the rate calculation). The smallest annual increase in the window was 2.6% in 2024, a meaningful step down from the pace seen in earlier years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.8% | $1.88 (2022) | $2.04 (2025) |
| 5-Year | +4.0% | $1.68 (2020) | $2.04 (2025) |
| 10-Year | +7.3% | $1.01 (2015) | $2.04 (2025) |
USB fits dividend investors who want a moderate yield backed by a diversified, fee-generating banking business. At 3.18%, the current yield sits above its 5-year average of 2.93%, meaning income buyers get slightly more yield than the stock's recent norm. The moderate (2–4%) yield classification reflects a stock that prioritizes earnings retention alongside income. Sixteen consecutive years of dividend increases and a 43.4% payout ratio point to a business that has consistently grown its payment without stretching its finances. The trade-off: growth has slowed, with the 2024 increase coming in at just 2.6%, so investors gain income durability but accept a slower pace of future payment growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-30 | $0.5200 |
| 2026-03-31 | $0.5200 |
| 2025-12-31 | $0.5200 |
| 2025-09-30 | $0.5200 |
| 2025-06-30 | $0.5000 |
| 2025-03-31 | $0.5000 |
| 2024-12-31 | $0.5000 |
| 2024-09-30 | $0.5000 |
| 2024-06-28 | $0.4900 |
| 2024-03-27 | $0.4900 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0400 |
| 2025 | $2.0400 |
| 2024 | $1.9800 |
| 2023 | $1.9300 |
| 2022 | $1.8800 |
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