Union Pacific Announces Second Dividend Increase in 2010

November 20, 2010 Railfanning.org News Wire 0

OMAHA, Neb. — Union Pacific Corp. announced that its Board of Directors voted to increase the quarterly dividend on the company’s common shares by 15 percent to 38 cents per share. The increased dividend is payable January 3, 2011, to stockholders of record on Nov. 30. “As we generate strong and growing free cash flow, we are returning more cash to our shareholders,” said Jim Young, Union Pacific chairman and chief executive officer. “UP’s strategy to operate a safe, productive, service-oriented railroad is delivering record results, allowing us to increase the dividend for the second time in 2010. For the

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