U.S. Bancorp (USB) Dividend History & Yield
Dividend ContenderU.S. Bancorp (USB) has increased its dividend for 16 consecutive years and currently yields 3.78%. The most recent dividend was $0.5200/share on Apr 15, 2026, paid Quarterly.
USB
Current Yield
3.78%
TTM Dividend/Share
$2.06
Payment Frequency
Quarterly
Payout Ratio
43.3%
Consecutive Growth Years
16 (Dividend Contender)
Div Growth (1Y CAGR)
3.03%
Div Growth (5Y CAGR)
3.96%
Div Growth (10Y CAGR)
7.28%
USB: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
7.7%
FCF payout ratio
9.2%
Net debt / EBITDA
3.0x
Interest coverage
0.69x
ROIC (TTM)
13.6%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 43.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($5.13) covers dividend/share ($2.06).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
16 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 9.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (4.0%) exceeds EPS growth (-1.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 31, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
Ex-date Dec 31, 2025
- Payment date
- Jan 15, 2026
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
Ex-date Sep 30, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
Ex-date Jun 30, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Mar 31, 2025
- Payment date
- Apr 15, 2025
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Dec 31, 2024
- Payment date
- Jan 15, 2025
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Sep 30, 2024
- Payment date
- Oct 15, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Jun 28, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $0.4900
- Adj. dividend
- $0.4900
Ex-date Mar 27, 2024
- Payment date
- Apr 15, 2024
- Dividend
- $0.4900
- Adj. dividend
- $0.4900
Ex-date Dec 28, 2023
- Payment date
- Jan 16, 2024
- Dividend
- $0.4900
- Adj. dividend
- $0.4900
Ex-date Sep 28, 2023
- Payment date
- Oct 16, 2023
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
Ex-date Jun 29, 2023
- Payment date
- Jul 17, 2023
- Dividend
- $0.4800
- Adj. dividend
- $0.4800
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 31, 2026 | Apr 15, 2026 | $0.5200 | $0.5200 |
| Dec 31, 2025 | Jan 15, 2026 | $0.5200 | $0.5200 |
| Sep 30, 2025 | Oct 15, 2025 | $0.5200 | $0.5200 |
| Jun 30, 2025 | Jul 15, 2025 | $0.5000 | $0.5000 |
| Mar 31, 2025 | Apr 15, 2025 | $0.5000 | $0.5000 |
| Dec 31, 2024 | Jan 15, 2025 | $0.5000 | $0.5000 |
| Sep 30, 2024 | Oct 15, 2024 | $0.5000 | $0.5000 |
| Jun 28, 2024 | Jul 15, 2024 | $0.4900 | $0.4900 |
| Mar 27, 2024 | Apr 15, 2024 | $0.4900 | $0.4900 |
| Dec 28, 2023 | Jan 16, 2024 | $0.4900 | $0.4900 |
| Sep 28, 2023 | Oct 16, 2023 | $0.4800 | $0.4800 |
| Jun 29, 2023 | Jul 17, 2023 | $0.4800 | $0.4800 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
U.S. Bancorp has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 16 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.0400 | — | — |
| 2025 | $1.9800 | $2.0400 | +3.0% |
| 2024 | $1.9300 | $1.9800 | +2.6% |
| 2023 | $1.8800 | $1.9300 | +2.7% |
| 2022 | $1.7600 | $1.8800 | +6.8% |
| 2021 | $1.6800 | $1.7600 | +4.8% |
| 2020 | $1.5800 | $1.6800 | +6.3% |
| 2019 | $1.3400 | $1.5800 | +17.9% |
| 2018 | $1.1600 | $1.3400 | +15.5% |
| 2017 | $1.0700 | $1.1600 | +8.4% |
| 2016 | $1.0100 | $1.0700 | +5.9% |
| 2015 | $0.9650 | $1.0100 | +4.7% |
| 2014 | $0.8850 | $0.9650 | +9.0% |
| 2013 | $0.7800 | $0.8850 | +13.5% |
| 2012 | $0.5000 | $0.7800 | +56.0% |
| 2011 | $0.2000 | $0.5000 | +150.0% |
| 2010 | $0.2000 | $0.2000 | 0.0% |
| 2009 | $1.7000 | $0.2000 | -88.2% |
| 2008 | $1.6250 | $1.7000 | +4.6% |
| 2007 | $1.3900 | $1.6250 | +16.9% |
| 2006 | $1.2300 | $1.3900 | +13.0% |
| 2005 | $1.0200 | $1.2300 | +20.6% |
| 2004 | $0.8450 | $1.0200 | +20.7% |
| 2003 | $0.7800 | $0.8450 | +8.3% |
| 2002 | $0.7500 | $0.7800 | +4.0% |
| 2001 | $0.6500 | $0.7500 | +15.4% |
| 2000 | $0.4625 | $0.6500 | +40.5% |
| 1999 | $0.3300 | $0.4625 | +40.2% |
| 1998 | $0.2667 | $0.3300 | +23.7% |
| 1997 | $0.2089 | $0.2667 | +27.7% |
| 1996 | $0.1778 | $0.2089 | +17.5% |
| 1995 | $0.1556 | $0.1778 | +14.3% |
| 1994 | $0.1289 | $0.1556 | +20.7% |
| 1993 | $0.1156 | $0.1289 | +11.5% |
| 1992 | $0.1111 | $0.1156 | +4.0% |
| 1991 | $0.1067 | $0.1111 | +4.2% |
| 1990 | $0.0755 | $0.1067 | +41.3% |
| 1989 | $0.0908 | $0.0755 | -16.8% |
| 1988 | $0.0864 | $0.0908 | +5.1% |
| 1987 | $0.0820 | $0.0864 | +5.4% |
| 1986 | $0.0776 | $0.0820 | +5.7% |
| 1985 | — | $0.0776 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for U.S. Bancorp (USB) from the consolidated cash flow statement, in USD as filed.
Latest period
$3.20B
YoY change
+2.5%
5Y CAGR
+4.4%
Peak year (2025)
$3.17B
Latest annual
$3.17B
Cash dividends paid over time for U.S. Bancorp (USB)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for U.S. Bancorp (USB)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $3.17B | +2.5% | +$76.00M | ||
| 2024 | $3.09B | +4.1% | +$122.00M | ||
| 2023 | $2.97B | +7.0% | +$194.00M | ||
| 2022 | $2.78B | +7.6% | +$197.00M | ||
| 2021 | $2.58B | +1.1% | +$27.00M | ||
| 2020 | $2.55B | +4.5% | +$109.00M | ||
| 2019 | $2.44B | +16.8% | +$351.00M | ||
| 2018 | $2.09B | +8.5% | +$164.00M | ||
| 2017 | $1.93B | +6.5% | +$118.00M | ||
| 2016 | $1.81B | +1.9% | +$33.00M | ||
| 2015 | $1.78B | +3.0% | +$51.00M | ||
| 2014 | $1.73B | +9.5% | +$150.00M | ||
| 2013 | $1.58B | +17.0% | +$229.00M | ||
| 2012 | $1.35B | +64.9% | +$530.00M | ||
| 2011 | $817.00M | +113.3% | +$434.00M | ||
| 2010 | $383.00M | -62.6% | -$642.00M | ||
| 2009 | $1.02B | -65.4% | -$1.93B | ||
| 2008 | $2.96B | +6.2% | +$174.00M | ||
| 2007 | $2.79B | +18.1% | +$426.00M | ||
| 2006 | $2.36B | +5.1% | +$114.00M | ||
| 2005 | $2.25B | +23.4% | +$425.00M | ||
| 2004 | $1.82B | +16.9% | +$263.20M | ||
| 2003 | $1.56B | +5.1% | +$76.10M | ||
| 2002 | $1.48B | +19.9% | +$245.60M | ||
| 2001 | $1.24B | -2.8% | -$36.20M | ||
| 2000 | $1.27B | +121.8% | +$698.20M | ||
| 1999 | $573.10M | +11.0% | +$56.70M | ||
| 1998 | $516.40M | +46.3% | +$163.50M | ||
| 1997 | $352.90M | +105.5% | +$181.20M | ||
| 1996 | $171.70M | +270.0% | +$125.30M | ||
| 1995 | $46.40M | +14.9% | +$6.00M | ||
| 1994 | $40.40M | -70.6% | -$97.10M | ||
| 1993 | $137.50M | +33.1% | +$34.20M | ||
| 1992 | $103.30M | +257.4% | +$74.40M | ||
| 1991 | $28.90M | +6.6% | +$1.80M | ||
| 1990 | $27.10M | +9.3% | +$2.30M | ||
| 1989 | $24.80M | — | — |
As of the 2025 fiscal year, U.S. Bancorp (USB) reported dividends paid of $3.17B – edged up 2.5% year-over-year.
U.S. Bancorp dividends paid compound annual growth for the 2020–2025 (5 years) window is +4.4%, sustaining 15 straight years of year-over-year growth.
The highest annual dividends paid of $3.17B was reported in 2025. The lowest in the available history was $24.80M in 1989.
U.S. Bancorp (USB) sits 7th of 8 Financial Services peers we track on this metric, against a peer median of $5.36B.
U.S. Bancorp Dividends Paid 2025: $3.17B
U.S. Bancorp dividends paid in 2025 was $3.17B, edged up 2.5% from 2024. This figure represents the highest annual value in the available history.
U.S. Bancorp Dividends Paid 2024: $3.09B
U.S. Bancorp dividends paid in 2024 was $3.09B, edged up 4.1% from 2023.
U.S. Bancorp Dividends Paid 2023: $2.97B
U.S. Bancorp dividends paid in 2023 was $2.97B, grew 7.0% from 2022.
U.S. Bancorp Dividends Paid 2022: $2.78B
U.S. Bancorp dividends paid in 2022 was $2.78B, grew 7.6% from 2021.
U.S. Bancorp Dividends Paid 2021: $2.58B
U.S. Bancorp dividends paid in 2021 was $2.58B.
See more financial history for U.S. Bancorp (USB).
Sector peers by dividends paid
Companies in the same sector as U.S. Bancorp, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does U.S. Bancorp pay dividends?
Yes, U.S. Bancorp (USB) pays quarterly dividends of approximately $2.06 per share annually, yielding 3.78%.
What is U.S. Bancorp's dividend yield?
U.S. Bancorp (USB) has a current dividend yield of 3.78%.
Is U.S. Bancorp's dividend safe?
U.S. Bancorp (USB) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has U.S. Bancorp increased its dividend?
U.S. Bancorp (USB) has 16 consecutive years of dividend increases.
What is U.S. Bancorp's dividend payout ratio?
U.S. Bancorp (USB) has a dividend payout ratio of 43.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is U.S. Bancorp's dividends paid?
Latest reported dividends paid for U.S. Bancorp (USB) is $3.20B (period ending March 31, 2026).
How has U.S. Bancorp dividends paid changed year-over-year?
U.S. Bancorp (USB) dividends paid changed +2.5% year-over-year on the latest annual filing.
What is the long-term growth rate of U.S. Bancorp dividends paid?
U.S. Bancorp (USB) dividends paid compound annual growth rate is +4.4% over the most recent 5 years available.
When did U.S. Bancorp dividends paid hit its highest annual value?
U.S. Bancorp dividends paid reached its highest annual value of $3.17B in 2025.
What was U.S. Bancorp dividends paid in 2024?
U.S. Bancorp (USB) dividends paid in 2024 was $3.09B.
What was U.S. Bancorp dividends paid in 2025?
U.S. Bancorp (USB) dividends paid in 2025 was $3.17B.
Explore more
USB Overview
Company profile, financial tools, and key metrics
USB Revenue Counter
Earns $1,374 every second. See per minute, hour, and day.
USB Earnings Counter
Earns $247.72 per second net profit. See per minute, hour, and day.
USB Economic Scale
Exceeds Estonia's GDP. Compare with world economies.
USB What If Invested
What if you had invested $1,000? See historical returns from any date.
USB How It Makes Money
Discover visual breakdown of $43.34B in revenue — where it comes from and where it goes.
USB Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
USB Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
USB Daily Price Character
Explosive · 42.0% historical win rate (green days). Streaks & record days.
USB Buybacks
0.75% TTM buyback yield. Shareholder yield & SBC comparison.
USB Stock Split History
8 splits on record. Dates, ratios, and cumulative multiple.
USB Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
USB Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
USB Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
USB Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.