12 Best NYSE Stocks to Buy for Dividends

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

Number of Hedge Fund Holders: 51

Dividend Yield as of June 28: 3.41%

As the fifth-largest commercial bank in the United States, U.S. Bancorp (NYSE:USB) works across a diversified mix of businesses, including commercial and institutional banking, business banking, payments, wealth management, and consumer banking.

U.S. Bancorp (NYSE:USB) announced on June 24 that it would raise its quarterly common stock dividend by 3.8% to $0.54 per share, subject to approval by its Board of Directors, effective in the third quarter of 2026. The move comes following the results of the Federal Reserve’s Dodd-Frank Act Stress Test (DFAST) conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

U.S. Bancorp (NYSE:USB)’s stress capital buffer (SCB) will remain unchanged at 2.6% until October 1, 2027. Including the Basel III minimum common equity Tier 1 (CET1) capital requirement of 4.5%, the company is also required to maintain a CET1 ratio of 7.1% or above. However, USB’s CET1 ratio was 10.8% as of March 31, significantly above the required minimum level. This allows the bank to carry out organic growth initiatives and continue capital payouts.

With an impressive annual yield of 3.41%, U.S. Bancorp (NYSE:USB) is ranked among the 12 Best S&P 500 Stocks to Buy for Dividends.

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