US Bancorp's Series M Preferred Stock About To Put More Money In Your Pocket

On 9/30/26, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 10/15/26. As a percentage of USB.PRR's recent share price of $14.85, this dividend works out to approximately 1.68%, so look for shares of USB.PRR to trade 1.68% lower — all else being equal — when USB.PRR shares open for trading on 9/30/26. On an annualized basis, the current yield is approximately 6.72%, which compares to an average yield of 7.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of USB.PRR shares, versus USB:

Below is a dividend history chart for USB.PRR, showing historical dividends prior to the most recent $0.25 on US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock:

According to the ETF Finder at ETF Channel, US Bancorp (Symbol: USB) makes up 14.94% of the iShares US Regional Banks ETF (IAT) which is trading lower by about 0.7% on the day Monday. (see other ETFs holding USB).

In Monday trading, US Bancorp's 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock (Symbol: USB.PRR) is currently down about 0.3% on the day, while the common shares (Symbol: USB) are off about 0.6%.

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