U.S. Bancorp Declares 4.1 Percent Increase in Quarterly Common Stock Dividends

The Board of Directors of U.S. Bancorp (NYSE:USB) has approved a 4.1 percent increase in the dividend rate on U.S. Bancorp common stock to $1.02 on an annualized basis, or $0.255 on a quarterly basis, payable July 15, 2015, to shareholders of record at the close of business on June 30, 2015.

In March, U.S. Bancorp announced that the Federal Reserve did not object to the Company’s capital distribution plan covering the five fiscal quarters ending June 30, 2016, including today’s 4.1 percent dividend increase and the previously announced $3.022 billion share repurchase plan.

The Board of Directors has also declared the following:

• A regular quarterly dividend of $884.722 per share (equivalent to $8.84722 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.
• A regular quarterly dividend of $221.18 per share (equivalent to $0.22118 per depositary share) on U.S. Bancorp’s Series B Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.
• A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.
• A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.
• A regular quarterly dividend of $321.88 per share (equivalent to $0.32188 per depositary share) on U.S. Bancorp’s Series H Non-Cumulative Perpetual Preferred Stock, payable July 15, 2015, to stockholders of record at the close of business on June 30, 2015.

U.S. Bancorp (NYSE: USB), with $410 billion in assets as of March 31, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,172 banking offices in 25 states and 5,016 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

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U.S. BancorpInvestor RelationsSean O’Connor, 612-303-0778orCorporate CommunicationsDana Ripley, 612-303-3167