other material
confidence high
sentiment positive
materiality 0.55
U.S. Bancorp authorizes $5B buyback, raises quarterly dividend to $0.50
US BANCORP DE
- Board authorized $5B common stock repurchase program effective Sept 13, 2024, replacing prior program.
- Company expects to begin repurchasing shares by early 2025.
- Quarterly common dividend raised 2% to $0.50 per share; payable Oct 15 to holders of record Sept 30.
- Annual dividend rate now $2.00 per common share.