Union Pacific (UNP) Raises Quarterly Dividend 10% to $0.605; Approves 120M Share Buyback

November 17, 2016 2:24 PM EST

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Union Pacific (NYSE: UNP) declared a quarterly dividend of $0.605 per share, or $2.42 annualized. This is a 10% increase from the prior dividend of $0.55.

The dividend will be payable on December 29, 2016, to stockholders of record on November 30, 2016, with an ex-dividend date of November 28, 2016.

The annual yield on the dividend is 2.5 percent.

Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today approved the early renewal of its share repurchase program, authorizing the repurchase of up to 120 million common shares by December 31, 2020. This new authorization is effective January 1, 2017 and replaces the current authorization, which will now expire on December 31, 2016, one year earlier than its original expiration date. The new four year authorization allows for the repurchase of another 15 percent of current outstanding shares.

For a dividend history and other dividend-related data on Union Pacific (UNP) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Dividend Hike, Dividends, Stock Buybacks

Related Entities

Dividend, Stock Buyback

Add Your Comment