U.S. Bancorp (USB): A Strong Buy Bank Stock with a Steady Dividend Track Record

U.S. Bancorp (NYSE:USB) is included among the Best Strong Buy Dividend Stocks to Invest in Now.

The company revealed on July 1 its plan to increase its quarterly dividend by 4%, raising the payout from $0.50 to $0.52 per share. This move came on the heels of the bank’s solid performance in the Federal Reserve’s stress test. In addition to the dividend increase, the company intends to proceed with share repurchases under its existing $5 billion buyback program.

During the second quarter of 2025, U.S. Bancorp (NYSE:USB) reported diluted earnings per share of $1.11 and achieved a return on tangible common equity of 18%, along with a return on average assets of 1.08%. Notably, a year-over-year increase in top-line revenue, combined with disciplined expense management, contributed to 250 basis points of positive operating leverage (as adjusted) and led to an efficiency ratio of 59.2% for the quarter.

Currently, U.S. Bancorp (NYSE:USB) offers a quarterly dividend of $0.50 per share and has a dividend yield of 4.34%, as of July 29. The company has been rewarding shareholders with growing dividends for the past 14 consecutive years.

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