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On June 25, US Bancorp passed the Federal Reserve's 2026 stress test, maintaining strong capital levels and planning to raise its quarterly dividend. On July 1, US Bancorp announced a 3.8% increase in its quarterly common stock dividend to $0.54 per share, effective Q3 2026. On July 4, the 3.8% increase in the quarterly dividend to $0.54 per share was confirmed, and DCF models suggested the stock could be 40.3% undervalued with a fair value estimate of $103.45.