Union Pacific Hikes Quarterly Payout

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Railroad operator Union Pacificannounced today its third-quarter dividend of $0.79 per share, or 14.5% more than the $0.69-per-share payout to investors made last quarter.

The board of directors said the quarterly dividend is payable on October 1 to holders of record at the close of business on August 30. The railroad operator has paid dividends on its stock for 114 years.

Noting that the railroad's new dividend payout target range is 30% to 35%, Union Pacific CFO Rob Knight said, "We're generating strong cash flows and have confidence in our ability to continue to earn reinvestible returns on our diverse franchise opportunities."


The regular dividend payment equates to a $3.16-per-share annual dividend, yielding 1.9% based on the closing price today of Union Pacific's stock.

UNP Dividend Chart

UNP Dividend data by YCharts.

The article Union Pacific Hikes Quarterly Payout originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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