10 Cheap Quarterly Dividend Stocks to Buy Now

4. U.S. Bancorp (NYSE:USB)

Forward P/E Ratio as of April 27: 9.15

U.S. Bancorp (NYSE:USB) is a Minnesota-based bank holding company. In the first quarter of 2025, the company posted revenue of $6.93 billion, marking a 3.7% increase compared to the same period a year earlier. The result also came in $18.6 million ahead of analysts’ expectations. Net income for the quarter totaled $1.7 billion. The company’s net interest margin reached 2.72%, up 2 basis points from the previous year and 1 basis point higher than the prior quarter.

As of March 31, 2025, U.S. Bancorp (NYSE:USB)’s Common Equity Tier 1 (CET1) capital ratio improved to 10.8%, up from 10.6% at the end of 2024. Average total loans rose by 2.1% year-over-year and by 0.9% on a quarter-over-quarter basis. On March 11, the company announced a quarterly dividend of $0.50 per share, maintaining its previous payout. U.S. Bancorp has a track record of raising its dividend for 14 consecutive years, which makes it one of the best cheap quarterly dividend stocks. The stock has a dividend yield of 5.01%, as of April 27.

At the end of Q4 2024, 48 hedge funds tracked by Insider Monkey held stakes in U.S. Bancorp (NYSE:USB), up from 46 in the previous quarter. These stakes have a consolidated value of over $2.37 billion. With over 24 million shares, Viking Global was the company’s leading stakeholder in Q4.