U.S. Bancorp (USB) Dividend History
USB latest dividend
$0.54last dividend per share
Ex-dividend dateSep 30Wednesday, 2026
Payment dateOct 15Thursday, 2026
The next dividend has not been announced yet.
- 15 yearsof dividend increases
- 1984paying since
- Quarterly4 payments a year
- +4.0%5-year growth a year
- 3.68%forward yield
USB dividend income calculator
- Dividend income a year
- $216
- Each payment
- $54
- Value of the shares
- $5,873
- Dividend yield
- 3.68%
At the latest close; forward annual dividend $2.16 per share, before tax.
USB dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
USB dividend safety
Payout ratio (earnings)33.1%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)43.9%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+4.0%
Slow growth · a year on average
Years of increases15
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
USB yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $45.69 | 4.73% | $2.10 | 4.6% |
| 3 years ago | $33.37 | 6.47% | $6.09 | 18.2% |
| 5 years ago | $60.58 | 3.57% | $9.87 | 16.3% |
| 10 years ago | $43.01 | 5.02% | $17.21 | 40.0% |
| 20 years ago | $33.25 | 6.50% | $26.27 | 79.0% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
USB dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
USB dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $2.04 | +3.0% | 3.82% | 4 |
| 2024 | $1.98 | +2.6% | 4.14% | 4 |
| 2023 | $1.93 | +2.7% | 4.46% | 4 |
| 2022 | $1.88 | +6.8% | 4.31% | 4 |
| 2021 | $1.76 | +4.8% | 3.13% | 4 |
| 2020 | $1.68 | +6.3% | 3.61% | 4 |
| 2019 | $1.58 | +17.9% | 2.66% | 4 |
| 2018 | $1.34 | +15.5% | 2.93% | 4 |
| 2017 | $1.16 | +8.4% | 2.16% | 4 |
| 2016 | $1.07 | +5.9% | 2.08% | 4 |
| 2015 | $1.01 | +4.7% | 2.37% | 4 |
| 2014 | $0.96 | +9.0% | 2.15% | 4 |
| 2013 | $0.89 | +13.5% | 2.19% | 4 |
| 2012 | $0.78 | +56.0% | 2.44% | 4 |
| 2011 | $0.50 | +150.0% | 1.85% | 4 |
| 2010 | $0.20 | 0.0% | 0.74% | 4 |
| 2009 | $0.20 | −88.2% | 0.89% | 4 |
| 2008 | $1.70 | +4.6% | 6.80% | 4 |
| 2007 | $1.62 | +16.9% | 5.12% | 4 |
| 2006 | $1.39 | — | 3.84% | 4 |
USB dividend history
222 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-15 | $0.54 | +3.8% | Quarterly |
| 2026-06-30 | 2026-07-15 | $0.52 | — | Quarterly |
| 2026-03-31 | 2026-04-15 | $0.52 | — | Quarterly |
| 2025-12-31 | 2026-01-15 | $0.52 | — | Quarterly |
| 2025-09-30 | 2025-10-15 | $0.52 | +4.0% | Quarterly |
| 2025-06-30 | 2025-07-15 | $0.5 | — | Quarterly |
| 2025-03-31 | 2025-04-15 | $0.5 | — | Quarterly |
| 2024-12-31 | 2025-01-15 | $0.5 | — | Quarterly |
| 2024-09-30 | 2024-10-15 | $0.5 | +2.0% | Quarterly |
| 2024-06-28 | 2024-07-15 | $0.49 | — | Quarterly |
| 2024-03-27 | 2024-04-15 | $0.49 | — | Quarterly |
| 2023-12-28 | 2024-01-16 | $0.49 | +2.1% | Quarterly |
| 2023-09-28 | 2023-10-16 | $0.48 | — | Quarterly |
| 2023-06-29 | 2023-07-17 | $0.48 | — | Quarterly |
| 2023-03-30 | 2023-04-17 | $0.48 | — | Quarterly |
| 2022-12-29 | 2023-01-17 | $0.48 | — | Quarterly |
Show all 222 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-29 | 2022-10-17 | $0.48 | +4.3% | Quarterly |
| 2022-06-29 | 2022-07-15 | $0.46 | — | Quarterly |
| 2022-03-30 | 2022-04-15 | $0.46 | — | Quarterly |
| 2021-12-30 | 2022-01-18 | $0.46 | — | Quarterly |
| 2021-09-29 | 2021-10-15 | $0.46 | +9.5% | Quarterly |
| 2021-06-29 | 2021-07-15 | $0.42 | — | Quarterly |
| 2021-03-30 | 2021-04-15 | $0.42 | — | Quarterly |
| 2020-12-30 | 2021-01-15 | $0.42 | — | Quarterly |
| 2020-09-29 | 2020-10-15 | $0.42 | — | Quarterly |
| 2020-06-29 | 2020-07-15 | $0.42 | — | Quarterly |
| 2020-03-30 | 2020-04-15 | $0.42 | — | Quarterly |
| 2019-12-30 | 2020-01-15 | $0.42 | — | Quarterly |
| 2019-09-27 | 2019-10-15 | $0.42 | +13.5% | Quarterly |
| 2019-06-27 | 2019-07-15 | $0.37 | — | Quarterly |
| 2019-03-28 | 2019-04-15 | $0.37 | — | Quarterly |
| 2018-12-28 | 2019-01-15 | $0.37 | — | Quarterly |
| 2018-09-27 | 2018-10-15 | $0.37 | +23.3% | Quarterly |
| 2018-06-28 | 2018-07-16 | $0.3 | — | Quarterly |
| 2018-03-28 | 2018-04-16 | $0.3 | — | Quarterly |
| 2017-12-28 | 2018-01-16 | $0.3 | — | Quarterly |
| 2017-09-28 | 2017-10-16 | $0.3 | +7.1% | Quarterly |
| 2017-06-28 | 2017-07-17 | $0.28 | — | Quarterly |
| 2017-03-29 | 2017-04-17 | $0.28 | — | Quarterly |
| 2016-12-28 | 2017-01-17 | $0.28 | — | Quarterly |
| 2016-09-28 | 2016-10-17 | $0.28 | +9.8% | Quarterly |
| 2016-06-28 | 2016-07-15 | $0.255 | — | Quarterly |
| 2016-03-29 | 2016-04-15 | $0.255 | — | Quarterly |
| 2015-12-29 | 2016-01-15 | $0.255 | — | Quarterly |
| 2015-09-28 | 2015-10-15 | $0.255 | — | Quarterly |
| 2015-06-26 | 2015-07-15 | $0.255 | +4.1% | Quarterly |
| 2015-03-27 | 2015-04-15 | $0.245 | — | Quarterly |
| 2014-12-29 | 2015-01-15 | $0.245 | — | Quarterly |
| 2014-09-26 | 2014-10-15 | $0.245 | — | Quarterly |
| 2014-06-26 | 2014-07-15 | $0.245 | +6.5% | Quarterly |
| 2014-03-27 | 2014-04-15 | $0.23 | — | Quarterly |
| 2013-12-27 | 2014-01-15 | $0.23 | — | Quarterly |
| 2013-09-26 | 2013-10-15 | $0.23 | — | Quarterly |
| 2013-06-26 | 2013-07-15 | $0.23 | +17.9% | Quarterly |
| 2013-03-26 | 2013-04-15 | $0.195 | — | Quarterly |
| 2012-12-27 | 2013-01-15 | $0.195 | — | Quarterly |
| 2012-09-26 | 2012-10-15 | $0.195 | — | Quarterly |
| 2012-06-27 | 2012-07-16 | $0.195 | — | Quarterly |
| 2012-03-28 | 2012-04-16 | $0.195 | +56.0% | Quarterly |
| 2011-12-28 | 2012-01-17 | $0.125 | — | Quarterly |
| 2011-09-28 | 2011-10-17 | $0.125 | — | Quarterly |
| 2011-06-28 | 2011-07-15 | $0.125 | — | Quarterly |
| 2011-03-29 | 2011-04-15 | $0.125 | +150.0% | Quarterly |
| 2010-12-29 | 2011-01-18 | $0.05 | — | Quarterly |
| 2010-09-28 | 2010-10-15 | $0.05 | — | Quarterly |
| 2010-06-28 | 2010-07-15 | $0.05 | — | Quarterly |
| 2010-03-29 | 2010-04-15 | $0.05 | — | Quarterly |
| 2009-12-29 | 2010-01-15 | $0.05 | — | Quarterly |
| 2009-09-28 | 2009-10-15 | $0.05 | — | Quarterly |
| 2009-06-26 | 2009-07-15 | $0.05 | — | Quarterly |
| 2009-03-27 | 2009-04-15 | $0.05 | −88.2% | Quarterly |
| 2008-12-29 | 2009-01-15 | $0.425 | — | Quarterly |
| 2008-09-26 | 2008-10-15 | $0.425 | — | Quarterly |
| 2008-06-26 | 2008-07-15 | $0.425 | — | Quarterly |
| 2008-03-27 | 2008-04-15 | $0.425 | — | Quarterly |
| 2007-12-27 | 2008-01-15 | $0.425 | +6.2% | Quarterly |
| 2007-09-26 | 2007-10-15 | $0.4 | — | Quarterly |
| 2007-06-27 | 2007-07-16 | $0.4 | — | Quarterly |
| 2007-03-28 | 2007-04-16 | $0.4 | — | Quarterly |
| 2006-12-27 | 2007-01-16 | $0.4 | +21.2% | Quarterly |
| 2006-09-27 | 2006-10-16 | $0.33 | — | Quarterly |
| 2006-06-28 | 2006-07-17 | $0.33 | — | Quarterly |
| 2006-03-29 | 2006-04-17 | $0.33 | — | Quarterly |
| 2005-12-28 | 2006-01-16 | $0.33 | +10.0% | Quarterly |
| 2005-09-28 | 2005-10-17 | $0.3 | — | Quarterly |
| 2005-06-28 | 2005-07-15 | $0.3 | — | Quarterly |
| 2005-03-29 | 2005-04-15 | $0.3 | — | Quarterly |
| 2004-12-29 | 2005-01-17 | $0.3 | +25.0% | Quarterly |
| 2004-09-28 | 2004-10-15 | $0.24 | — | Quarterly |
| 2004-06-28 | 2004-07-15 | $0.24 | — | Quarterly |
| 2004-03-29 | 2004-04-15 | $0.24 | −42.3% | Quarterly |
| 2004-01-02 | — | $0.416 | +73.3% | |
| 2003-12-29 | 2004-01-15 | $0.24 | +17.1% | Quarterly |
| 2003-09-26 | 2003-10-15 | $0.205 | — | Quarterly |
| 2003-06-26 | 2003-07-15 | $0.205 | +5.1% | Quarterly |
| 2003-03-27 | 2003-04-15 | $0.195 | — | Quarterly |
| 2002-12-27 | 2003-01-15 | $0.195 | — | Quarterly |
| 2002-09-26 | 2002-10-15 | $0.195 | — | Quarterly |
| 2002-06-26 | 2002-07-15 | $0.195 | — | Quarterly |
| 2002-03-26 | 2002-04-15 | $0.195 | +3.7% | Quarterly |
| 2001-12-27 | 2002-01-15 | $0.188 | — | Quarterly |
| 2001-09-26 | 2001-10-15 | $0.188 | — | Quarterly |
| 2001-06-27 | 2001-07-16 | $0.188 | — | Quarterly |
| 2001-03-28 | 2001-04-16 | $0.188 | +15.3% | |
| 2000-12-27 | 2001-01-16 | $0.163 | −4.1% | Quarterly |
| 2000-11-29 | — | $0.17 | +4.3% | |
| 2000-09-27 | 2000-10-16 | $0.163 | −4.1% | Quarterly |
| 2000-08-30 | — | $0.17 | +4.3% | |
| 2000-06-28 | 2000-07-17 | $0.163 | −4.1% | Quarterly |
| 2000-05-30 | — | $0.17 | +4.3% | |
| 2000-03-29 | 2000-04-14 | $0.163 | −4.1% | Quarterly |
| 2000-02-28 | — | $0.17 | +4.3% | |
| 1999-12-29 | 2000-01-15 | $0.163 | +5.7% | Quarterly |
| 1999-11-29 | — | $0.1542 | +54.2% | |
| 1999-09-15 | 1999-10-15 | $0.1 | −35.1% | Quarterly |
| 1999-08-30 | — | $0.1542 | +54.2% | |
| 1999-06-28 | 1999-07-15 | $0.1 | −35.1% | Quarterly |
| 1999-05-27 | — | $0.1542 | +54.2% | |
| 1999-03-29 | 1999-04-15 | $0.1 | −35.1% | Quarterly |
| 1999-02-25 | — | $0.1542 | +54.2% | |
| 1998-12-29 | 1999-01-15 | $0.1 | −27.7% | |
| 1998-11-27 | — | $0.1383 | +80.4% | |
| 1998-09-28 | 1998-10-15 | $0.0767 | −44.6% | |
| 1998-08-28 | — | $0.1383 | +80.4% | |
| 1998-06-26 | 1998-07-15 | $0.0767 | −44.6% | |
| 1998-05-28 | — | $0.1383 | +80.4% | |
| 1998-03-27 | 1998-03-15 | $0.0767 | −44.6% | |
| 1998-02-26 | — | $0.1383 | +107.5% | |
| 1997-12-29 | — | $0.0667 | −45.6% | |
| 1997-11-26 | — | $0.1225 | +83.8% | |
| 1997-09-26 | 1997-10-15 | $0.0667 | −45.6% | |
| 1997-08-28 | — | $0.1225 | +83.8% | |
| 1997-06-26 | 1997-07-15 | $0.0667 | −45.6% | |
| 1997-05-29 | — | $0.1225 | +83.8% | |
| 1997-03-26 | 1997-04-15 | $0.0667 | −45.6% | |
| 1997-02-27 | — | $0.1225 | +134.6% | |
| 1996-12-27 | 1997-01-15 | $0.0522 | −51.9% | |
| 1996-11-27 | — | $0.1086 | +107.9% | |
| 1996-09-26 | 1996-10-15 | $0.0522 | −51.9% | |
| 1996-08-29 | — | $0.1086 | +107.9% | |
| 1996-06-26 | 1996-07-15 | $0.0522 | −51.9% | |
| 1996-05-30 | — | $0.1086 | +107.9% | |
| 1996-03-27 | 1996-04-15 | $0.0522 | −51.9% | |
| 1996-02-28 | — | $0.1086 | +144.3% | |
| 1995-12-27 | 1996-01-12 | $0.0444 | −53.4% | |
| 1995-11-29 | — | $0.0954 | +114.6% | |
| 1995-09-27 | 1995-10-13 | $0.0444 | −53.4% | |
| 1995-09-05 | — | $0.0954 | +114.6% | |
| 1995-06-28 | 1995-07-14 | $0.0444 | −53.4% | |
| 1995-05-25 | — | $0.0954 | +114.6% | |
| 1995-03-27 | 1995-04-14 | $0.0444 | −53.4% | |
| 1995-02-23 | — | $0.0954 | +145.3% | |
| 1994-12-23 | 1995-01-13 | $0.0389 | −49.1% | |
| 1994-11-25 | — | $0.0764 | +96.5% | |
| 1994-09-26 | 1994-10-14 | $0.0389 | −49.1% | |
| 1994-08-26 | — | $0.0764 | +96.5% | |
| 1994-06-24 | 1994-07-15 | $0.0389 | −49.1% | |
| 1994-05-25 | — | $0.0764 | +96.5% | |
| 1994-03-25 | 1994-04-15 | $0.0389 | −49.1% | |
| 1994-02-23 | — | $0.0764 | +137.2% | |
| 1993-12-27 | 1994-01-14 | $0.0322 | −51.1% | |
| 1993-11-24 | — | $0.0659 | +104.5% | |
| 1993-09-24 | 1993-10-15 | $0.0322 | −51.1% | |
| 1993-08-26 | — | $0.0659 | +104.5% | |
| 1993-06-24 | 1993-07-15 | $0.0322 | −51.1% | |
| 1993-05-26 | — | $0.0659 | +104.5% | |
| 1993-03-25 | 1993-04-15 | $0.0322 | −51.1% | |
| 1993-02-25 | — | $0.0659 | +128.0% | |
| 1992-12-24 | 1993-01-15 | $0.0289 | −51.3% | |
| 1992-11-27 | — | $0.0593 | +105.2% | |
| 1992-09-24 | 1992-10-15 | $0.0289 | −51.3% | |
| 1992-08-27 | — | $0.0593 | +105.2% | |
| 1992-06-24 | 1992-07-15 | $0.0289 | −51.3% | |
| 1992-05-28 | — | $0.0593 | +105.2% | |
| 1992-03-25 | 1992-04-15 | $0.0289 | −46.5% | |
| 1992-02-25 | — | $0.054 | +94.5% | |
| 1991-12-24 | 1992-01-15 | $0.0278 | −48.6% | |
| 1991-11-27 | — | $0.054 | +94.5% | |
| 1991-09-24 | 1991-10-15 | $0.0278 | −48.6% | |
| 1991-08-28 | — | $0.054 | +94.5% | |
| 1991-06-24 | 1991-07-12 | $0.0278 | −48.6% | |
| 1991-05-22 | — | $0.054 | +94.5% | |
| 1991-03-22 | 1991-04-15 | $0.0278 | −48.6% | |
| 1991-02-28 | — | $0.054 | +102.5% | |
| 1990-12-24 | 1991-01-15 | $0.0267 | −50.6% | |
| 1990-11-29 | — | $0.054 | +102.5% | |
| 1990-09-24 | 1990-10-15 | $0.0267 | −50.6% | |
| 1990-08-23 | — | $0.054 | +102.5% | |
| 1990-06-25 | 1990-07-13 | $0.0267 | −50.6% | |
| 1990-05-23 | — | $0.054 | +102.5% | |
| 1990-03-26 | 1990-04-13 | $0.0267 | −50.6% | |
| 1990-03-01 | — | $0.054 | +121.0% | |
| 1989-12-22 | 1990-01-12 | $0.0244 | −54.8% | |
| 1989-11-22 | — | $0.054 | +121.0% | |
| 1989-09-25 | 1989-10-13 | $0.0244 | −77.4% | |
| 1989-08-24 | — | $0.108 | +4,766.7% | |
| 1989-06-26 | 1989-07-14 | $0.0022 | −97.9% | |
| 1989-05-24 | — | $0.108 | +342.8% | |
| 1989-03-27 | 1989-04-14 | $0.0244 | −77.4% | |
| 1989-02-23 | — | $0.108 | +375.9% | |
| 1988-12-23 | 1989-01-13 | $0.0227 | −79.0% | |
| 1988-11-21 | — | $0.108 | +375.9% | |
| 1988-09-26 | — | $0.0227 | −79.0% | |
| 1988-08-23 | — | $0.108 | +375.9% | |
| 1988-06-24 | — | $0.0227 | −79.0% | |
| 1988-05-24 | — | $0.108 | +375.9% | |
| 1988-03-25 | — | $0.0227 | −79.0% | |
| 1988-02-25 | — | $0.108 | +400.2% | |
| 1987-12-24 | — | $0.0216 | −78.1% | |
| 1987-11-25 | — | $0.0988 | +357.5% | |
| 1987-09-24 | — | $0.0216 | — | |
| 1987-06-24 | — | $0.0216 | — | |
| 1987-03-25 | — | $0.0216 | +5.4% | |
| 1986-12-24 | — | $0.0205 | — | |
| 1986-09-24 | — | $0.0205 | — | |
| 1986-06-24 | — | $0.0205 | — | |
| 1986-03-24 | — | $0.0205 | +5.7% | |
| 1985-12-24 | — | $0.0194 | — | |
| 1985-09-24 | — | $0.0194 | — | |
| 1985-06-24 | — | $0.0194 | — | |
| 1985-03-25 | — | $0.0194 | +7.8% | |
| 1984-12-24 | — | $0.018 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
USB stock split history
- 3:1April 16, 1999
- 3:1January 16, 1997
- 2:1April 17, 1989
- 2:1April 16, 1985
- 5:4February 22, 1979
USB dividend overview
U.S. Bancorp pays an annual dividend of $2.16 per share, a yield of 3.68% at the latest close, paid quarterly. It paid $2.04 per share in 2025, up 3.0% from 2024. It has raised its dividend for 15 consecutive years. Over five years the dividend grew 4.0% a year on average and over ten years 7.3% a year. The payout ratio is 33.1% of trailing earnings.
Related: USB cash flow statement, USB key metrics, USB chart. See the USB stock overview for the latest quote and news.
USB dividends FAQ
Does U.S. Bancorp pay a dividend?
Yes. U.S. Bancorp has paid a regular dividend since 1984, quarterly, most recently $0.54 per share with an ex-dividend date of September 30, 2026.
What is U.S. Bancorp's dividend yield?
U.S. Bancorp's forward annual dividend is $2.16 per share, a dividend yield of 3.68% at the latest close of $58.73.
How often does U.S. Bancorp pay dividends?
U.S. Bancorp pays dividends quarterly.
How fast is U.S. Bancorp's dividend growing?
U.S. Bancorp's dividend per share grew from $1.68 in 2020 to $2.04 in 2025, 4.0% a year on average over five years; it has increased for 15 years in a row.
What is U.S. Bancorp's dividend payout ratio?
U.S. Bancorp pays out 33.1% of its trailing earnings as dividends and 43.9% of its free cash flow (fiscal 2025).
Has U.S. Bancorp split its stock?
U.S. Bancorp has split its stock 5 times: 3:1 on April 16, 1999, 3:1 on January 16, 1997, 2:1 on April 17, 1989, 2:1 on April 16, 1985, 5:4 on February 22, 1979. Dividends per share on this page are adjusted for splits.