US Bancorp Series K 5.50% Non-Cumulative Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 8/7/20118
Shares Sold 23,000,000 Overallotment 0
S&P Rating BBB Moodys Rating A3
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Security Ticker Symbol USB-N
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2018
Quarterly Dividend .3438 Annual Dividend 1.375
Securities may be redeemed, at the issuers option, as early as 10/15/2023 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Will be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for US Bancorp
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Click Here to find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
