U.S. Bancorp Announces Quarterly Dividends

The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.245 per common share, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014. At this quarterly dividend rate, the annual dividend is equivalent to $0.98 per common share.

The Board of Directors has also declared the following:

• A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014.
• 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 15, 2015, to stockholders of record at the close of business on December 31, 2014.
• A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014.
• A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual Preferred Stock, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014.
• A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp’s Series H Non-Cumulative Perpetual Preferred Stock, payable January 15, 2015, to stockholders of record at the close of business on December 31, 2014.

Minneapolis-based U.S. Bancorp (“USB”), with $391 billion in assets as of September 30, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,177 banking offices in 25 states and 5,026 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.