Wednesday, July 16st the Board of Directors of Union Pacific Corporation (UNP) announced a quarterly dividend increase of from $1.34 to $1.38 per share, that’s payable September 30, 2025 to holders of record August 29, 2025. This represents a 2.99% increase over the last quarterly dividend.
“Union Pacific continues to drive strong and growing cash returns for our shareholders,” said Jennifer Hamann, executive vice president and chief financial officer. “Today’s action delivers on that commitment and marks our 19th consecutive year of increased annual dividends per share.”
At the current price of $229.24 (yesterday's close), this increase will raise UNP's dividend yield to 2.41%.
Union Pacific Corporation is a Dividend Contenders with a 18 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 1.5, 7.2, 7.4 and 11.3 (Dividend Champions.xls)
As an owner of 22 shares of UNP, the recent dividend increase adds $2.62 to my projected annual net dividend income.
The increase was the same four cents as a year ago, so it was in line with my expectations.
This is the fifth dividend increase I've received from Union Pacific since I initiated my position in February 2020. Over that time, the quarterly dividend has grown reasonably from $0.97 to $1.38 per share, representing a total increase of 42.3%.
The moment of writing, UNP’s weight of my portfolio is about 0.59% and its share of future annual dividend income is approximately 0.34%.
Following this increase, my yield on cost is 3.42%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long UNP
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