Yesterday, May 13th the Board of Directors of Union
Pacific Corporation (UNP) announced
a quarterly dividend increase of from $ 0.97 to $ 1.07 per share that’s payable
June 30, 2021 to holders of record May 28, 2021. This represents a 10.31%
increase over the last quarterly dividend.
“I am pleased to report our dividend increase,” said
Jennifer Hamann, Union Pacific executive vice president and chief financial
officer. “This increase is consistent with the financial guidance outlined at
our recent Investor Day to target a dividend payout ratio of 45%.”
With current price $ 225.18 (yesterday's close), this
raise brings their dividend yield to 1.90%.