OMAHA, Neb., Feb. 8, 2018 /PRNewswire/ -- Union Pacific
Corporation (NYSE: UNP) announced that its Board of Directors today
voted to increase the quarterly dividend on the Company's common
shares by 10 percent to 73 cents per
share. The increased dividend is payable March 30, 2018, to shareholders of record as of
February 28, 2018.
"This is the second consecutive quarterly dividend increase for
Union Pacific shareholders," said Rob
Knight, Union Pacific's Chief Financial Officer, "and is
part of our ongoing evaluation of how best to use the benefits of
tax reform legislation."
Union Pacific has paid dividends on its common stock for 119
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. In the past 10 years, 2008-2017,
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, Energy, Industrial and Premium.
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.
This presentation and related materials contain statements
about the Company's future that are not statements of historical
fact, including specifically the statements regarding the Company's
expectations with respect to economic conditions; its ability to
generate financial returns, improve resource productivity and use
innovation to enhance customer experience; implementing corporate
strategies; and providing excellent service to its customers and
returns to its shareholders. These statements are, or will be,
forward-looking statements as defined by the Securities Act of 1933
and the Securities Exchange Act of 1934. Forward-looking statements
also generally include, without limitation, information or
statements regarding: projections, predictions, expectations,
estimates or forecasts as to the Company's and its subsidiaries'
business, financial, and operational results, and future economic
performance; and management's beliefs, expectations, goals, and
objectives and other similar expressions concerning matters that
are not historical facts.
Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be
accurate indications of the times that, or by which, such
performance or results will be achieved. Forward-looking
information, including expectations regarding operational and
financial improvements and the Company's future performance or
results are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in the statement. Important factors, including risk
factors, could affect the Company's and its subsidiaries' future
results and could cause those results or other outcomes to differ
materially from those expressed or implied in the forward-looking
statements. Information regarding risk factors and other
cautionary information are available in the Company's Annual Report
on Form 10-K for 2016, which was filed with the SEC on February 3, 2017. The Company updates
information regarding risk factors if circumstances require such
updates in its periodic reports on Form 10-Q and its subsequent
Annual Reports on Form 10-K (or such other reports that may be
filed with the SEC).
Forward-looking statements speak only as of, and are based
only upon information available on, the date the statements were
made. The Company assumes no obligation to update
forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information. If the Company does update one or more
forward-looking statements, no inference should be drawn that the
Company will make additional updates with respect thereto or with
respect to other forward-looking statements. References to
our website are provided for convenience and, therefore,
information on or available through the website is not, and should
not be deemed to be, incorporated by reference herein.
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SOURCE Union Pacific Corporation