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US Bancorp vice chair sells $1.43 million in stock

Jodi L. Richard, Vice Chair of US Bancorp (NYSE:USB), a $73.7 billion market cap bank with a notable 4.2% dividend yield and 54-year history of consistent dividend payments, has sold 30,000 shares of the company's common stock.
The article from MSN Money discusses a recent transaction by U.S. Bancorp Vice Chair Jim Kelligrew, who sold approximately $1.43 million worth of the company's stock. This sale occurred on May 8, 2023, when Kelligrew disposed of 46,749 shares at an average price of $30.59 per share. The sale has sparked interest among investors and analysts, as insider transactions can often provide insights into a company's internal perspective on its financial health or future prospects. However, the article also notes that insider sales can be motivated by various personal financial reasons and do not necessarily reflect a negative outlook on the company's future. U.S. Bancorp, one of the largest banks in the United States, has been navigating through economic challenges including interest rate fluctuations and regulatory changes, which might influence executive decisions regarding their stock holdings.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/topstocks/us-bancorp-vice-chair-sells-1-43-million-in-stock/ar-AA1yCFx7

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