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Union Pacific Boosts Dividend 25% At $185 Million Annual Cost

DOW JONES NEWSWIRES Union Pacific Corp. (UNP) boosted its quarterly dividend 25%, joining a long list of companies that have raised their payouts of late in an effort to return cash to shareholders. "We're generating record free cash flows and have confidence in our ability to capitalize on future growth opportunities and reward our shareholders," Chairman and Chief Executive Jim Young said. A rebounding economy helped grow volumes in all Union Pacific's major freight segments last quarter, though higher fuel costs have crimped earnings. The payout, raised to 47.5 cents a share from 38 cents, will cost the railroad operator about $185 million more each year. The company raised its dividend twice last year amid improving conditions in the rail sector and for freight haulers in general. Shares were recently up 1.3% to $101.86 Thursday, ahead of the broader market. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Union Pacific (UNP)
DateTimeHeadline
07/28/201513:00:00Union Pacific Improves Public Safety Rate
07/27/201512:49:00Union Pacific Employees Set Safety Records
07/24/201517:47:12Statement of Changes in Beneficial Ownership (4)
07/24/201514:29:24Quarterly Report (10-q)
07/23/201509:10:03Union Pacific Revenue, Profit Falls
07/23/201509:01:41Union Pacific Revenue, Profit Falls as Coal Slump Hits
07/23/201508:12:33Current Report Filing (8-k)
07/23/201508:00:00Union Pacific Reports Second Quarter Results
07/16/201509:00:00Union Pacific Corporation Invites You to Join Its Second Quarter...
07/02/201511:17:25Statement of Changes in Beneficial Ownership (4)
07/02/201511:14:57Statement of Changes in Beneficial Ownership (4)
07/02/201511:13:33Statement of Changes in Beneficial Ownership (4)
07/02/201511:11:58Statement of Changes in Beneficial Ownership (4)
07/02/201511:09:47Statement of Changes in Beneficial Ownership (4)
07/02/201511:09:20Statement of Changes in Beneficial Ownership (4)
07/02/201511:05:28Statement of Changes in Beneficial Ownership (4)
07/02/201511:03:39Statement of Changes in Beneficial Ownership (4)
07/02/201510:58:26Statement of Changes in Beneficial Ownership (4)
07/02/201510:50:55Statement of Changes in Beneficial Ownership (4)
06/25/201509:00:00Union Pacific Corporation Invites You to Join Its Second Quarter...

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