News Column

UNION PACIFIC CORP FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

May 16, 2014



Item 8.01 Other Events.

On May 15, 2014, Union Pacific Corporation (the Company) issued a press release announcing that the Board of Directors (the Board) approved a 2-for-1 stock split in the form of a stock dividend, which will be paid on June 6, 2014, to shareholders of record on May 27, 2014. The press release also announced that the Company declared a quarterly dividend of 91 cents per share (45.5 cents per share on a post-split basis), payable on July 1, 2014, to shareholders of record on June 16, 2014. The quarterly cash dividend, which is payable after the stock dividend, is equivalent to the cash dividend paid by the Company on April 1, 2014. Finally, the release also announced that the Board authorized the Company to increase its capital expenditures in 2014 to $4.1 billion from $3.9 billion. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits 99.1 Press Release of Union Pacific Corporation, dated May 15, 2014.



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters