NYSE:USBBanks
U.S. Bancorp (USB) Announces 4% Common Dividend Increase and Series of Preferred Dividends
U.S. Bancorp (USB) recently announced a 4% increase in its common stock dividend, indicating a strong commitment to shareholder returns. Over the last quarter, USB's share price rose 12%, potentially buoyed by these enhancements, their solid Q2 earnings report, and continuous share buybacks. In contrast, the S&P 500 and Nasdaq also achieved record highs, indicating broad market strength. While the market's rally provided a favorable backdrop, USB's strategic dividend increase and financial...