US Bancorp 6% Fixed to Floating Non Cumulative Preferred Stock
By: Tim McPartland,
S&P Rating BBB+ Moodys Rating A3
Security Ticker Symbol USB-N
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Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 07/15/2012
Quarterly Dividend .375 Annual Dividend 1.500
After 4/15/2017 the dividend will be 3 month libor plus 4.86%.
Securities may be redeemed, at the issuers option, as early as 04/15/2017 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for US Bancorp
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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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.
