20 Best Dividend Growth Stocks with High Yields

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

Dividend Yield as of May 13: 4.52%

U.S. Bancorp (NYSE:USB) is an American bank holding company, headquartered in Minnesota. It operates mainly as a commercial bank, generating nearly all of its revenue from loans and various consumer banking services. The company maintains a strong focus on consumer banking and is known for consistently delivering some of the highest profitability and efficiency figures in the industry. The stock has surged by nearly 7% in the past 12 months.

In the first quarter of 2025, U.S. Bancorp (NYSE:USB) reported $6.93 billion in revenue, reflecting a 3.7% year-over-year increase and surpassing analyst estimates by $18.6 million. Net income for the quarter reached $1.7 billion, while the net interest margin rose to 2.72%, up slightly from both the previous year and 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%, compared to 10.6% at the end of 2024. Average total loans grew 2.1% from a year earlier and 0.9% from the previous quarter. On March 11, the company declared a quarterly dividend of $0.50 per share, holding steady with its prior payout. With 14 consecutive years of dividend increases and a yield of 4.52% as of May 13, USB remains one of the best dividend stocks to invest in.