Union Pacific Corp. Raises Dividend to $1.07/Share
By Stephen Nakrosis
Union Pacific Corp. on Thursday said its board voted to raise
its quarterly dividend by 10%.
The new dividend of $1.07 will be payable June 30 to
shareholders of record May 28, the company said.
"This increase is consistent with the financial guidance
outlined at our recent Investor Day to target a dividend payout
ratio of 45%," said Jennifer Hamann, chief financial officer.
Union Pacific said it has paid dividends on its common stock for
122 consecutive years.
--Write to Stephen Nakrosis at firstname.lastname@example.org
(END) Dow Jones Newswires
May 13, 2021 17:05 ET (21:05 GMT)
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