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Data last updated: Oct 02, 2026
Snapshot (as of Oct 02, 2026): U.S. Bancorp (USB) pays a $2.10 annual dividend ($0.54 quarterly), yielding 3.66% at $57.36/share. Next ex-dividend date 2026-09-30. 16 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.66%
Annual Dividend: $2.10 per share
Payout Ratio: 43.4%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 43
U.S. Bancorp dividend investors are looking at one of the country's largest diversified banks, spanning corporate lending, payment services, wealth management, and consumer banking across more than 2,200 branches. The current yield is 3.48%, with a trailing annual dividend rate of $2.08 per share paid quarterly. The next ex-dividend date is September 30, 2026. With a beta of 0.971, USB tracks closely with the broader market, making it a fit for dividend investors who want financial sector 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 while continuing to fund the dividend, supported by a diversified revenue base spanning payment services, wealth management, fiduciary services, and traditional lending. U.S. Bancorp dividend safety benefits from that breadth, since no single business line dominates the payout equation. The most data-supported pressure point is the bank's exposure to credit cycles, which can compress earnings and tighten the cushion between profits and the dividend.
Over the past 14 years, U.S. Bancorp dividend history shows a compound annual growth rate 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 CAGR). The smallest annual increase in the window was 2.6% in 2024, which shows that growth has slowed materially in recent years even as the long-run average looks strong.
| 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 bank stock with a long runway of uninterrupted increases. The current yield of 3.48% sits in the moderate (2–4%) range and runs above the 5-year average of 3.21%, meaning income buyers are getting slightly more yield than the historical norm. The 43.4% payout ratio keeps the dividend well-covered. The trade-off is growth: the 10.6% long-run CAGR looks impressive, but the 2024 increase of just 2.6% signals that the pace has cooled. Investors get a diversified financial services franchise with 16 consecutive years of increases and a covered payout, but near-term dividend growth is slow.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.5400 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5800 |
| 2025 | $2.0400 |
| 2024 | $1.9800 |
| 2023 | $1.9300 |
| 2022 | $1.8800 |
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