Wednesday,
July 17th the Board of Directors of Union Pacific Corporation (UNP)
announced
a quarterly dividend increase of from $1.30 to $1.34per share that’s
payable September 30, 2024 to holders of record August 30, 2024. This
represents a 3.08% increase over the last quarterly dividend.
Union Pacific has paid dividends on its
common stock for 125 consecutive years.
“Union Pacific has a strong track
record of delivering cash returns to its shareholders,” said
Jennifer Hamann, executive vice president and chief financial
officer. “We’re building on that record with a 3% increase in the
third quarter, our 18th consecutive year of increased annual
dividends per share.”
With current price $244.80 (today's
open), this raise brings their dividend yield to 2.19%.