Union Pacific Corporation Announces a 10 Percent Dividend Increase for Third Quarter 2018
Omaha, Neb., July 26, 2018
Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company’s common shares by 10 percent to 80 cents per share. The increased dividend is payable September 28, 2018, to shareholders of record August 31, 2018.
"I am pleased to report that we have raised our dividend by nearly one-third over the past year, keeping pace with the growth in our earnings per share," said Chief Financial Officer Rob Knight. "This increase is consistent with our plans to raise cash returns for our shareholders."
Union Pacific has paid dividends on its common stock for 119 consecutive years.
About Union Pacific
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. In the past 10 years, 2008-2017, Union Pacific invested approximately $34 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Energy, Industrial and Premium. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
Union Pacific Investor contact: Mike Staffenbeal at 402-544-4227 or email@example.com
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