MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of U.S. Bancorp (NYSE:USB) has approved a 4.1 percent increase in the dividend rate on U.S. Bancorp common stock to $1.02 on an annualized basis, or $0.255 on a quarterly basis, payable July 15, 2015, to shareholders of record at the close of business on June 30, 2015. In March, U.S. Bancorp announced that the Federal Reserve did not object to the Company’s capital distribution plan covering the five fiscal quarters ending June 30, 2016, incl