Reported Earlier, US Bancorp Expects 3.1% Stress Capital Buffer Following Federal Reserve Stress Test, Plans Dividend Increase
Portfolio Pulse from Benzinga Newsdesk
U.S. Bancorp (NYSE:USB) expects a 3.1% stress capital buffer following the Federal Reserve's stress test and plans to increase its quarterly dividend by 2% to $0.50 per share, effective Q4 2024. The company remains well-capitalized with a CET1 ratio of 10.0% as of March 31, 2024.
July 01, 2024 | 7:26 am
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U.S. Bancorp expects a 3.1% stress capital buffer and plans a 2% dividend increase to $0.50 per share in Q4 2024. The company remains well-capitalized with a CET1 ratio of 10.0% as of March 31, 2024.
The announcement of a 3.1% stress capital buffer and a planned 2% dividend increase indicates strong financial health and shareholder returns, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100