USB-P U.S. Bancorp ADRs of 5.5% Series K Non-Cumulative Preferred Stock

Dividends on the Series K Preferred Stock, when, as and if declared by our board of directors or a duly authorized committee of the board of directors, will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, quarterly in arrears on the 15th day of each January, April, July and October, commencing on October 15, 2018, at a rate per annum equal to 5.50%. If our board of directors or a duly authorized committee of the board of directors has not declared a dividend on the Series K Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not accrue or be payable, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series K Preferred Stock are declared for any future dividend period. The Series K Preferred Stock may be redeemed in whole, or in part, on or after October 15, 2023, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series K Preferred Stock may be redeemed in whole, but not in part, prior to October 15, 2023 upon the occurrence of a "regulatory capital treatment event," at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.   This security was issued by US Bancorp, whose common stock symbol is USB.

$24.76  +0.36 (1.48%)
As of 07/01/2022 15:44:31 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  08/08/2018
Outstanding shares:  10,719,693
Average volume:  63,356
Market cap:   $263,168,463
Current dividend yield:  5.60%    calculation
Coupon rate:    5.500%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   10/15/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BDT6C58

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