Bloomberg News

U.S. Bancorp Raises Dividend 56%, Authorizes Share Buyback

March 13, 2012

U.S. Bancorp, Minnesota’s largest bank, said it was increasing its quarterly dividend 56 percent to 19.5 cents a share.

The board approved the repuchase of as much as 100 million shares, the Minneapolis-based bank said today in a statement distributed by Business Wire.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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