secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001193125-24-217446
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Bancorp authorizes $5B buyback, raises quarterly dividend to $0.50
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312524217446/0001193125-24-217446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312524217446/d874914d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-217446

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