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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

U.S. Bancorp (USB): One of the Cheap Quarterly Dividend Stocks to Buy Now

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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83% Informative

In the current market environment, investors are looking to seek stable income as a way to protect themselves against a possible recession.

Consumer sentiment dropped 8% in April compared to the previous month , reaching a reading of 52.2 , according to the University of Michigan’s latest survey.

Analysts suggest that investors worried about an economic slowdown might want to consider investing in dividend-stock funds, as these stocks have historically performed relatively well during recessions.

U.S. Bancorp has a track record of raising its dividend for 14 consecutive years .

The company announced a quarterly dividend of $ 0.50 per share, maintaining its previous payout.

The stock has a dividend yield of 5.01% , as of April 27 .

Overall, USB ranks 4th on our list of the best cheap quarterly dividend stocks.