May 12, 2017 – TRA Newswire –
In keeping with its record of paying dividends on its common stock for the past 118 consecutive years, the Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 60.5 cents per share on the company’s common stock, payable June 30, 2017, to shareholders of record May 31, 2017.
The Motley Fool investment advice column website has described Union Pacific Railroad as having a strong history for dividend growth. “Over the past decade, the railroad has given investors 12 dividend increases, taking its quarterly payout up by more than six times. The company hasn’t always been consistent about what time of year it makes increases, sometimes making multiple boosts per year and other times going more than a full year without making any increase at all”, according to the website. “Moreover, the dividend increases that Union Pacific has made have been substantial. The hike it made in early 2015 raised Union Pacific’s dividend by 10%, and the increases it made previously were generally in the neighborhood of 10% to 25%. The increases reflected the success that the railroad industry has had, as Union Pacific, CSX, and Norfolk Southern all experienced good times in the industry thanks to renewed interest in rail transportation as a fuel-efficient way to move goods long distances.”
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail. From 2007-2016, Union Pacific invested approximately $34 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 including Dallas-Fort Worth and Houston, 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.