On 12/31/24, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 1/15/25. As a percentage of USB.PRR's recent share price of $17.41, this dividend works out to approximately 1.44%, so look for shares of USB.PRR to trade 1.44% lower — all else being equal — when USB.PRR shares open for trading on 12/31/24. On an annualized basis, the current yield is approximately 5.69%, which compares to an average yield of 6.65% in the "Financial" preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of USB.PRR shares, versus USB:
IXP Average Annual Return
JCI Price Target
Below is a dividend history chart for USB.PRR, showing historical dividends prior to the most recent $0.25 on US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock:
In Friday trading, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) is currently down about 0.9% on the day, while the common shares (Symbol: USB) are off about 1.4%.
Also see:
EGBN YTD Return IXP Average Annual Return
JCI Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
