Is This First-Class Dividend Stock a Buy?
The goal of income investing is to pick stocks that are most likely to meet your income requirements over time, and one good place to start is businesses that have a history of raising their dividend. Regional bank U.S. Bancorp (NYSE: USB) was among the vast majority of financial stocks that cut their dividend during the Great Recession. However, the bank is stronger now than it was then, and it paid out 6.3% more dividends to shareholders in 2020 than it did in the pre-pandemic year of 2019.
Does this make U.S. Bancorp a buy for income investors? Let's take a closer look at the bank's fundamentals and valuation to answer this question.
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Source Fool.com
