US Bancorp Floating Rate (Min 3.5%) Non Cumulative, Perpetual Preferred Stock

By: ,


S&P Rating   BBB+   Moodys Rating   A3

Security Ticker Symbol   USB-H


Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 07/15/2006

Quarterly Dividend   .219   Annual Dividend   .875

The dividend floats at the greater of .60% plus 3 month libor or a minimum of 3.5%

Securities may be redeemed, at the issuers option, as early as 04/15/2011 for a redemption price of $25/share plus accrued dividends


Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None


Company Investor Relations Page for US Bancorp

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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