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U.S. Bancorp (USB) declares $0.195/share quarterly dividend, in line with previous. Forward...

U.S. Bancorp (USB) declares $0.195/share quarterly dividend, in line with previous. Forward yield 2.28%. For shareholders of record Sep 28. Payable Oct 15. Ex-div date Sep 26. (PR)
Comments (2)
  • usbman
    , contributor
    Comments (3) | Send Message
    I am a retired bank exec (not USB), and invest small sums in undervalued companies. I was disappointed that USB didn't raise their dividend now, instead of in December, which I think they have done in the past. They have the cash, they have the reputation of sharing good earnings with their shareholders, and they have control of a good portion of their market. I think the stock is fully valued right now in the $34 range. Long-term value in 3-4 years is probably in the $50 range. This comes from an amateur, not a professional, so don't beat me up!
    18 Sep 2012, 10:46 PM Reply Like
  • CassandraSees
    , contributor
    Comments (292) | Send Message
    You have been in the business for a long time and that gives you a good insight to the industry - - Your opinion is based on that knowledge - - Everything we read on stocks is opinion because none of us have crystal balls for future stock action - - I for one prefer opinions from knowledgeable people - Thank-you
    19 Sep 2012, 10:45 AM Reply Like
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