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Nov. 15, 2012 /PRNewswire-FirstCall/ -- 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 15 percent to
69 cents per share. The increased dividend is payable
January 2, 2013, to stockholders of record
November 30, 2012.
"We're generating strong free cash flow while making significant capital investments that add value for our customers," said
Jack Koraleski, Union Pacific chief executive officer. "We remain confident in our business opportunities going forward and our ability to increase shareholder returns."
Union Pacific has paid dividends on its common stock for 113 consecutive years.
About Union Pacific
It was 150 years ago that
Abraham Lincoln signed the Pacific Railway Act of
July 1, 1862, creating the original Union Pacific. One of America's iconic companies, today, Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP), linking 23 states in the western two-thirds of the country by rail and providing freight solutions and logistics expertise to the global supply chain. From 2000 through 2011, Union Pacific spent more than
$31 billion on its network and operations, making needed investments in America's infrastructure and enhancing its ability to provide safe, reliable, fuel-efficient and environmentally responsible freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. The railroad serves many of the fastest-growing U.S. population centers and emphasizes excellent customer service. Union Pacific operates competitive routes 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