OMAHA, Neb., July 31, 2014 /PRNewswire/ -- Union Pacific
Corporation (NYSE: UNP) 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.
About Union Pacific
Union Pacific Railroad is the
principal operating company of Union Pacific Corporation (NYSE:
UNP). One of America's most recognized companies, Union Pacific
Railroad connects 23 states in the western two-thirds of the
country by rail, providing a critical link in the global supply
chain. From 2004-2013, Union Pacific invested approximately
$30 billion in its network and
operations to support America's transportation
infrastructure. The railroad's diversified business mix
includes Agricultural Products, Automotive, Chemicals, Coal,
Industrial Products and Intermodal. Union Pacific serves many of
the fastest-growing U.S. population centers, operates from all
major West Coast and Gulf Coast ports to eastern gateways, connects
with Canada's rail systems and is
the only railroad serving all six major Mexico gateways. Union Pacific provides value
to its roughly 10,000 customers by delivering products in a safe,
reliable, fuel-efficient and environmentally responsible
manner.
Investor contact is Mike
Staffenbeal, (402) 544-4227.
Media contact is Tom Lange,
(402) 544-3560.
This press release contains statements about the
Corporation's future that are not statements of historical fact,
including specifically the statements regarding the Corporation's
expectations with respect to its future business opportunities; and
its ability to earn reinvestable returns on its business to support
capital investments and continued returns to shareholders.
These statements are, or will be, forward-looking statements as
defined by the Securities Act of 1933 and the Securities Exchange
Act of 1934. Forward-looking statements also generally
include, without limitation, information or statements
regarding: projections, predictions, expectations, estimates
or forecasts as to the Corporation's and its subsidiaries'
business, financial, and operational results, and future economic
performance; and management's beliefs, expectations, goals, and
objectives and other similar expressions concerning matters that
are not historical facts.
Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be
accurate indications of the times that, or by which, such
performance or results will be achieved. Forward-looking
information, including expectations regarding the Corporation's
future performance or results are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the statement.
Important factors, including risk factors, could affect the
Corporation's and its subsidiaries' future results and could cause
those results or other outcomes to differ materially from those
expressed or implied in the forward-looking statements.
Information regarding risk factors and other cautionary information
are available in the Corporation's Annual Report on Form 10-K for
2013, which was filed with the SEC on February 7, 2014. The Corporation updates
information regarding risk factors if circumstances require such
updates in its periodic reports on Form 10-Q and its subsequent
Annual Reports on Form 10-K (or such other reports that may be
filed with the SEC).
Forward-looking statements speak only as of, and are based
only upon information available on, the date the statements were
made. The Corporation assumes no obligation to update
forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information. If the Corporation does update one or more
forward-looking statements, no inference should be drawn that the
Corporation will make additional updates with respect thereto or
with respect to other forward-looking statements. References
to our website are provided for convenience and, therefore,
information on or available through the website is not, and should
not be deemed to be, incorporated by reference herein.
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SOURCE Union Pacific Corporation