By Denny Jacob

 

U.S. Bancorp increased its quarterly dividend 2.1% to 49 cents a share from 48 cents.

The new payout, equal to $1.96 a share, represents an annual yield of 4.8% based on Tuesday's closing price of $40.45.

The bank said the dividend is payable on Jan. 16 to shareholders of record at the close of business on Dec. 29.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

December 12, 2023 17:26 ET (22:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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