- U.S. Bancorp (NYSE:USB) replaces the share repurchase program that was approved on December 21, 2020, with a $5B repurchase program beginning September 13, 2024.
- The company intends to begin repurchasing shares by early 2025.
- The company had earlier declared a dividend of $0.50/share, up 2% from the prior dividend.
- The dividend is payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024.
- USB +1% premarket to $45.19
- Source: Press Release
