U.S. Bancorp's dividend remains well-protected by a 45% earnings payout ratio and a 10.8% CET1 capital ratio, supporting a 160-year streak of uninterrupted payments. Using fiscal 2025 earnings per share of $4.62, only about 45% of profits funded the $2.08 annual dividend, with first-quarter 2026 coverage at 2.27 times. The bank captured 440 basis points of positive operating leverage in the first quarter of 2026, driving net income of $1.95 billion and a return on tangible common equity of 17%. While the quarterly dividend has held flat at $0.52 for four consecutive quarters amid the pending BTIG acquisition, CEO Gunjan Kedia reported 15% year-over-year EPS growth and reaffirmed commitment to sustainable returns. The dividend safety rating is assessed as safe, though risks include potential commercial real estate stress or a prolonged payout freeze into 2027.
U.S. BancorpStrong earnings, payout ratio, and CET1 ratio support dividend safety and financial health
NVIDIA Corporation