press release, Febr"> press release, Febr" />

1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Union Pacific announces 15 percent dividend increase and $3.9 billion capital plan for 2014

(Source: Union Pacific press release, February 6, 2014)

OMAHA, Neb. -- Union Pacific Corporation announced that its Board of Directors voted today to increase the quarterly dividend on the company's common shares by 15 percent, or 12 cents, to 91 cents per share. The increased dividend is payable April 1, 2014, to shareholders of record on February 28, 2014. Union Pacific has paid dividends on its common stock for 115 consecutive years.

The Board also approved the Company's 2014 capital spending plan of approximately $3.9 billion, up about $300 million versus 2013, driven primarily by the acquisition of 200 locomotives compared to 100 locomotives purchased in 2013, and somewhat higher capacity investments. Spending on Positive Train Control is also expected to increase to $450 million, versus $420 million in 2013.

"This dividend increase demonstrates our confidence in Union Pacific's continued ability to generate growing cash returns on our diverse franchise opportunities," said Rob Knight, Union Pacific chief financial officer. "Our capital investments serve a critical role in supporting future cash generation and returns. The increased capital spending plan for 2014 also highlights our expectation of future volume growth across a wide range of markets in 2014 and beyond."

Friday, February 07, 2014

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Oil by rail up 9 percent as U.S. oil production hits 8.5 million barrels a day
Lawyers, union want charges dropped against railway employees in Lac-Megantic disaster
As rail traffic jam persists, U.S. power plants look to roads, rivers
AAR: Combined weekly rail traffic up 3.2 percent over 2013 for week ending August 23
Air quality problems dog Canadian oil by rail terminal
Editorial: Big plans in store for high-speed rail in Texas
Railroad police officer falls off bridge, knocked unconscious in struggle with suspect
Maryland pulls $30 million from CSX rail facility project
Rail agreement opens fresh markets for North Dakota crops
North Dakota congressional delegation criticizes CP Rail
CP Rail train derails in western Saskatchewan, wind may have been factor
Amtrak street work leads to historic finds
Railroad Retirement Board financial reports

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe