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Saturday, July 27, 2024

Union Pacific Dividend Increase

On 17 July, Union Pacific (UNP) increased its quarterly dividend by 3.08%, from $1.30 to $1.34 per share.

The dividend will be paid on 30 September to shareholders of record on 30 August. The ex-dividend date is 30 August.

UNP's contribution to DivGro's projected annual dividend income will increase by $16 to $536.

I own 100 shares of UNP at an average cost basis of $177.90 per share. Following this increase, my yield on cost is 3.01%. (UNP's forward yield is 2.23% at $240.36 per share). 

Since I opened my UNP position in September 2018, the stock has produced annualized total returns of 14%, including $1,579.40 in dividend income. 

5-Year History of Dividend Payouts by Ex-Date
2019 2020 2021 2022 2023 2024
$3.70 $3.88 $4.29 $5.08 $5.20 $5.28
20.92% 4.86% 10.57% 18.41% 2.36% 1.54%
5-year DGR: 11.19% 7.37%

projected, assuming no further changes


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