10 Safest High Dividend Stocks to Buy Now

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

Dividend Yield as of September 20: 4.13%

U.S. Bancorp (NYSE:USB) is a financial services provider with a broad range of operations that include consumer and business banking, wealth management, payment services, and corporate banking. It serves individuals, businesses, and institutions nationwide, offering products from basic checking accounts to advanced treasury services for large corporations.

On September 10, U.S. Bancorp (NYSE:USB) declared a 4% hike in its quarterly dividend to $0.52 per share. Through this increase, the company stretched its dividend growth streak to 15 years, which makes USB one of the best dividend stocks to consider. The stock has a dividend yield of 4.13%, as reported on September 20.

In recent years, U.S. Bancorp (NYSE:USB) has emphasized improving efficiency, strengthening its digital banking capabilities, and growing its payments and wealth management segments. These priorities are driven by evolving customer needs, regulatory demands, and the fast pace of technological change in the financial sector. Key factors for long-term success include strong risk and capital management, expanding sources of noninterest income, and investing in technology to compete effectively with both traditional banks and emerging fintech players.