OMAHA, Neb., July 25, 2019 /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 97 cents per share. The dividend is payable
September 30, 2019, to shareholders
of record August 30, 2019. This marks
Union Pacific's fifth dividend increase in the past eight quarters.
Union Pacific has paid dividends on its common stock for 120
consecutive years.
"The dividend increase demonstrates our continued confidence in
Union Pacific's ability to grow cash returns for our shareholders,"
said Rob Knight, Union Pacific chief
financial officer. "This is consistent with our current financial
guidance to maintain a dividend payout ratio between 40 and 45
percent."
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. The railroad's diversified
business mix is classified into its Agricultural Products, Energy,
Industrial and Premium business groups. 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.
www.up.com
www.facebook.com/unionpacific
www.twitter.com/unionpacific
This press release contains statements about the Company's
future that are not statements of historical fact, including
specifically the statements regarding the Company's ability to
generate financial returns, implementing corporate strategies; and
providing 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 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 about 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 2018, which was filed with
the SEC on February 8, 2019.
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/union-pacific-corporation-announces-10-percent-dividend-increase-for-third-quarter-2019-300891212.html
SOURCE Union Pacific Corporation