Summary
Union Pacific Corporation (UNP) announced a significant capital return to shareholders via an increased quarterly dividend. Effective January 2, 2008, the quarterly dividend on common stock will rise by 9 cents to 44 cents per share, with a record date of November 29, 2007. This action by the Board of Directors signals confidence in the company's financial health and its ability to generate sufficient cash flow to support higher dividend payouts.
Key Highlights
- 1Union Pacific Corporation's Board of Directors approved a 9-cent increase in the quarterly dividend.
- 2The new quarterly dividend rate will be 44 cents per share.
- 3The dividend increase demonstrates management's confidence in the company's financial performance and outlook.
- 4The increased dividend will be payable on January 2, 2008.
- 5The record date for the dividend payment is November 29, 2007.
- 6This is a direct communication to investors regarding a material change in dividend policy.