News Column

Union Pacific Corporation Announces 10 Percent Dividend Increase for Third Quarter 2014

August 4, 2014



ENP Newswire - 04 August 2014

Release date- 01082014 - OMAHA, NEB. - 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.

The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.

Media Contact:

Tom Lange

Tel: 402-544-3560

Email: tomlange@up.com


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Source: ENP Newswire


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