NEW YORK (

TheStreet

) -- The ex-dividend date for

Union Pacific

(NYSE:

UNP

) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $88.16 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Union Pacific has been 3.4 million shares per day over the past 30 days. Union Pacific has a market cap of $43.5 billion and is part of the

services

sector and

transportation

industry. Shares are down 4.5% year to date as of the close of trading on Thursday.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has a P/E ratio of 14.8, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Union Pacific as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Union Pacific Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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