News

On 6/28/24, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 7/15/24. As a percentage of USB.PRR's recent share price of $17.79, this dividend works out to approximately 1.41%, so look for shares of USB.PRR to trade 1.41% lower — all else being equal — when USB.PRR shares open for trading on 6/28/24. On an annualized basis, the current yield is approximately 5.60%, which compares to an average yield of 6.67% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of USB.PRR shares, versus USB:

Below is a dividend history chart for USB.PRR, showing historical dividends prior to the most recent $0.25 on US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock:

In Wednesday trading, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) is currently down about 0.5% on the day, while the common shares (Symbol: USB) are off about 1.4%.

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