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The Board of Directors of U.S. Bancorp has approved a 7.1 percent increase in the dividend rate on U.S. Bancorp common stock to $0.30 on a quarterly basis, payable October 16, 2017, to stockholders of record at the close of business on September 29, 2017. At this quarterly dividend rate, the annual dividend will be equivalent to $1.20 per common share.

Umpqua Holdings, the parent company of Umpqua Bank and Umpqua Investments, today announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.18 per common share, an increase of 12.5% from the prior quarterly cash dividend of $0.16 per common share. The dividend is payable on October 16, 2017, to shareholders of record as of October 2, 2017.

Host Hotels & Resorts, the nation's largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share on the Company's common stock representing an annual dividend yield of approximately 4% on last Friday's closing stock price. The dividend is payable on October 16, 2017, to stockholders of record on September 29, 2017.

Pentair announced today that it will pay a regular quarterly cash dividend of $0.345 per share on November 3, 2017 to shareholders of record at the close of business on October 20, 2017. Pentair had previously announced on December 6, 2016 the approval by its Board of Directors to pay dividends in 2017 in four quarterly installments of $0.345. 2017 marks the 41st consecutive year that Pentair has increased its dividend.

The Board of Directors of Marsh & McLennan Companies, today declared a quarterly dividend of $0.375 per share on outstanding common stock, payable on November 15, 2017, to shareholders of record on October 10, 2017.

For MarketNewsVideo.com, I'm Sayoko Murase.