U.S. Bancorp operates as the holding company for U.S. Bank that provides commercial banking and financial services in the United States. It generates various deposit products, including checking accounts, savings accounts, money market savings, and time certificates of deposit accounts.
It is a dividend aristocrat as well as a major component of the S&P 500 index. It has been increasing its dividends for the past 36 consecutive years. One of USB’s stockholders is no other than the Oracle of Omaha, one of the best investors in the world. From 1998 up until 2007 this dividend growth stock has delivered an annual average total return of 4.60 % to its shareholders. The stock has been trading in a range over the past decade.