U
USB-P-P
NOW TRADING POST CALL DATE
About this security
USB-P-P is a 5.5% non-cumulative perpetual preferred stock issued by US BANCORP \DE\, a Banks issuer. $25 liquidation preference, current yield 6.32%, callable from 2023-10-15.
US BANCORP \DE\: U.S. Bancorp is the parent company of U.S. Bank, one of the largest commercial banks in the United States, providing deposit-taking, lending, and everyday money movement services to consumers and businesses. The company operates through four segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. Headquartered in Minneapolis, Minnesota, it employs over 70,000 people and operates approximately 3,000 branches across 26 states. Revenue is generated through interest on loans and securities as well as fees from card processing, merchant acquiring, treasury management, and investment and trust administration, giving the company a business model that combines traditional banking with a sizable payments franchise. ↗
Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing
vs. Banks category (76 issues): yield 6.32% vs avg 6.66% · discount -13.0% vs avg -13.3%
Quote
| USB-P-P (preferred) | USB (common) | |
|---|---|---|
| Last | $21.76 | $58.94 |
| Change | — | — |
| Open | $21.76 | $58.32 |
| High / Low | $21.90 / $21.74 | $59.28 / $58.08 |
| Prev Close | — | — |
| Volume | 74,481 | 9,179,692 |
| 52-Week High / Low | $24.98 / $21.29 | $61.19 / $42.55 |
52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).
Price
Dividend History
| Ex-Date | Amount / Share |
|---|---|
| 2026-03-31 | $0.343750 |
| 2025-12-31 | $0.343750 |
| 2025-09-30 | $0.343750 |
| 2025-06-30 | $0.343750 |
| 2025-03-31 | $0.343750 |
| 2024-12-31 | $0.343750 |
| 2024-09-30 | $0.343750 |
| 2024-06-28 | $0.343750 |
| 2024-03-27 | $0.343750 |
| 2023-12-28 | $0.343750 |
| 2023-09-28 | $0.343750 |
| 2023-06-29 | $0.343750 |
Performance — $10K Calculator
Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →
Prospectus (SEC 424B5)
U.S. Bancorp is offering 23,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the "Series K Preferred Stock").
Use of proceeds: Net proceeds will be used for general corporate purposes, and pending such use may be temporarily invested or used to reduce short-term indebtedness.
Other Securities from US BANCORP \DE\
| Symbol | Type | Coupon | Price | Yield |
|---|---|---|---|---|
| USB-P-A | preferred | 7.189% | 767.00 | 7.30% |
| USB-P-H | preferred | 5.150% | 18.73 | 6.87% |
| USB-P-Q | preferred | 3.750% | 14.94 | 6.28% |
| USB-P-R | preferred | 4.000% | 15.68 | 6.38% |
| USB-P-S | preferred | 4.500% | 17.68 | 6.36% |
News — US BANCORP \DE\
- Interest Rates Are Going Higher: 4 High-Yield Passive Income Stocks Can Weather Any Storm — 247wallst.com · Jun 17, 2026
- Which Banking ETF Is Better, Fidelity's Broader FNCL or iShares IAT's Regional Bank Focus? — finance.yahoo.com · Jun 17, 2026
- Siemens Fonds Invest GmbH Raises Position in U.S. Bancorp $USB — thelincolnianonline.com · Jun 17, 2026
- U.S. Bancorp (USB) Maintains Quarterly Dividend at $0.52 per Share — gurufocus.com · Jun 17, 2026
- U.S. Bancorp Announces Quarterly Dividends — businesswire.com · Jun 16, 2026
- U.S. Bancorp Announces Quarterly Dividends — finance.yahoo.com · Jun 16, 2026
- U.S. Bancorp Names Brian Mauney Head of Investor Relations — businesswire.com · Jun 16, 2026
- U.S. Bancorp Names Brian Mauney Head of Investor Relations — finance.yahoo.com · Jun 16, 2026
Issuer news via Tiingo, tagged to USB.
Related Articles
- USB-P-P: US BANCORP \DE\ 5.5% Series P Preferred Stock
- USB-P-A: US BANCORP \DE\ a fixed Series A Preferred Stock
- USB-P-H: US BANCORP \DE\ 4.969% Series H Preferred Stock
- USB-P-Q: US BANCORP \DE\ 3.75% Series Q Preferred Stock
- USB-P-R: US BANCORP \DE\ 4% Series R Preferred Stock
- USB-P-S: US BANCORP \DE\ 4.5% Series S Preferred Stock