U.S. Bancorp Depositary Shares, Price & Performance (USB-PS)

U.S. Bancorp has announced quarterly dividends of $0.50 per common share, translating to an annual yield of $2.00 per share. Preferred stockholders will also receive dividends across various series, with payouts scheduled for April 15, 2025. This move underscores the company’s consistency in shareholder returns, maintaining a 54-year streak of dividends.12

The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund saw a 40.2% reduction in short interest during February. With an average trading volume of 176,500 shares, the days-to-cover ratio now stands at just 0.2 days. Institutional activity has been noted, with some investors increasing their holdings in the ETF.3

Bank of America has announced it will redeem CAD400 million in floating rate senior notes, originally due in March 2026. The redemption will occur on March 16, 2025, with payment including accrued interest made the next business day. Interest on the notes will cease post-redemption.4