The Board of Directors of U.S. Bancorp has declared a regular quarterly dividend of $0.48 per common share, payable October 17, 2022, to stockholders of record at the close of business on September 30, 2022. This represents an increase of 4.3% compared to the prior quarterly dividend of $0.46 per common share. At this new quarterly dividend rate, the annual dividend is equivalent to $1.92 per common share.