U.S. Bancorp Announces 56% Increase in the Quarterly Dividend; Authorizes New 100M Share Repurchase Program

The Board of Directors of U.S. Bancorp

has approved a 56 percent increase in the dividend rate on U.S. Bancorp common stock to $0.78 on an annualized basis, or $0.195 on a quarterly basis. The quarterly common stock dividend of $0.195 per common share is payable on April 16, 2012, to shareholders of record at the close of business on March 30, 2012.