U.S. Bancorp (USB)
By Trevor Born
Fortune 500 rank: 122
CEO: Richard K. Davis
800 Nicollet Mall
What it does:
U.S. Bancorp is the sixth largest commercial bank in the U.S. as of June 2008, most notably operating U.S. Bank.
Customers: 14.9 million
Notable namesake: U.S. Bank Arena in Cincinnati, Ohio. Home of the Cincinnati Cyclones of the East Coast Hockey League.
Minnesota Employees: 10,222
Revenue: $20.3 billion
Net Income: $4.3 billion
S & P Data from October 2008. Chart by Denise Rath.
Return to investors in 2007: -8.1 percent
Dividends: One of the company’s prized statistics is that they have paid out dividends for 145 consecutive years, and those dividends have increased for 36 consecutive years. Last quarter they paid out $0.425 per share.
Trevor Born is a sophomore journalism and African-American studies student at the University of Minnesota and owner of Purple Press Magazine. He has written for the Associated Press, the Star Tribune and the Minnesota Daily.