U.S. Bancorp
USBFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
3.85%
Annual Dividend
$2.16
Payout Ratio
42%
5-Yr Growth
4.0%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about USB's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, U.S. Bancorp (USB) has a forward dividend yield of 3.85%, based on an annual dividend of $2.16 per share and a share price of $56.17.
- As of Oct 8, 2026, USB's dividend safety grade from SmarterDividends is A (86 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, U.S. Bancorp (USB) has raised its dividend for 15 consecutive years as of Oct 8, 2026.
- USB last cut its regular dividend in 2009.
- USB's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.54 per share.
- As of Oct 8, 2026, USB pays out 42% of its trailing 12-month earnings as dividends (its payout ratio).
- USB's dividend has grown at an average rate of 4.0% a year over the past five years.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for USB is $87.11 per share, 55% above the $56.17 share price, so USB screens as undervalued.
- U.S. Bancorp (USB) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "USB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/USB
Summary
As of Oct 8, 2026, U.S. Bancorp (USB) yields 3.85% ($2.16 a year per share), has a dividend safety grade of A (86/100) and has 15 consecutive years of dividend increases on record.
Is USB a good dividend stock?
YesU.S. Bancorp (USB) pays a quarterly dividend yielding 3.85% ($2.16/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (42%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.85%
- Payout Ratio
- 42%
- Annual Dividend
- $2.16
- 5-Yr Avg Growth
- 4.0%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 1.02
- Market Cap
- $87.5B
- P/E Ratio
- 11.4
- 5-Yr Total Return
- -5%
- 52-Week Range
- $45.02 – $66.08
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
Is USB a good dividend stock?
Yes. U.S. Bancorp (USB) pays a quarterly dividend yielding 3.85% ($2.16/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is USB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, USB's fair value is about $87.11 versus a $56.17 share price — so it looks undervalued (+55% vs. fair value).
Is USB's dividend safe?
USB has a dividend-safety grade of A (86/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is USB's fair value?
Our blended fair-value estimate for USB is about $87.11 per share, roughly 55% above the current $56.17 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is USB a buy, hold, or sell?
We don't issue formal ratings, but on the data USB screens as "yes" and undervalued. U.S. Bancorp (USB) pays a quarterly dividend yielding 3.85% ($2.16/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will USB cut its dividend?
USB earns a dividend-safety grade of A (86/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does USB pay a dividend?
Yes. U.S. Bancorp pays a quarterly dividend of about $2.16 per share annually, a forward yield of roughly 3.85%.
What is USB's dividend yield?
As of Oct 8, 2026, USB's forward dividend yield is 3.85%, based on a $2.16 annual dividend and a $56.17 share price.
What is USB's dividend per share?
As of Oct 8, 2026, USB pays $2.16 per share per year, distributed on a quarterly basis.
What is USB's dividend payout ratio?
As of Oct 8, 2026, USB's payout ratio is 42% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has USB grown its dividend?
As of Oct 8, 2026, USB has increased its dividend for 15 consecutive years.
When is the next USB ex-dividend date?
As of Oct 8, 2026, USB's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.54 per share.
USB Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+80%
5 Years
-5%
52-Week Range
$45.02 – $66.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is USB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for U.S. Bancorp is $87.11 per share, versus a market price of $56.17. That implies 55% of upside — a margin of safety of about 36%.
Fair Value
$87.11
Current Price
$56.17
Upside
+55%
Margin of Safety
36%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.2% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $5.01 EPS, $2.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
USB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full USB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 15, 2026 | $0.5400 | regular |
| Jun 30, 2026 | Jul 15, 2026 | $0.5200 | regular |
| Mar 31, 2026 | Apr 15, 2026 | $0.5200 | regular |
| Dec 31, 2025 | Jan 15, 2026 | $0.5200 | regular |
| Sep 30, 2025 | Oct 15, 2025 | $0.5200 | regular |
| Jun 30, 2025 | Jul 15, 2025 | $0.5000 | regular |
| Mar 31, 2025 | Apr 15, 2025 | $0.5000 | regular |
| Dec 31, 2024 | Jan 15, 2025 | $0.5000 | regular |
| Sep 30, 2024 | Oct 15, 2024 | $0.5000 | regular |
| Jun 28, 2024 | Jul 15, 2024 | $0.4900 | regular |
| Mar 27, 2024 | Apr 15, 2024 | $0.4900 | regular |
| Dec 28, 2023 | Jan 16, 2024 | $0.4900 | regular |
| Sep 28, 2023 | Oct 16, 2023 | $0.4800 | regular |
| Jun 29, 2023 | Jul 17, 2023 | $0.4800 | regular |
Income Calculator
At $2.16 / yr per share
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