Union Pacific announces 10 percent dividend increase for 3Q 2014
(Source: Union Pacific press release, July 31, 2014)
OMAHA, Neb. ó Union Pacific Corporation announced that its Board of Directors voted today to increase the quarterly dividend on the company's common shares by 10 percent to 50 cents per share. The increased dividend is payable October 1, 2014, to shareholders of record August 29, 2014.
"We are pleased to reward our shareholders with another dividend increase," said Rob Knight, Union Pacific chief financial officer. "It all starts with earning reinvestable returns, which allows us to increase cash to shareholders while supporting strong capital investments for safety, service, and growth. In keeping with our dividend payout target range of 30 to 35 percent on a declared basis, we've now increased our dividend at a double-digit rate in three of the past five quarters."
Union Pacific has paid dividends on its common stock for 115 consecutive years.
Friday, August 01, 2014
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