Union Pacific Co. Plans Quarterly Dividend of $0.80 (UNP)

Union Pacific Co. (NYSE:UNP) declared a quarterly dividend on Thursday, November 15th, RTT News reports. Shareholders of record on Friday, November 30th will be paid a dividend of 0.80 per share by the railroad operator on Friday, December 28th. This represents a $3.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, November 29th.

Union Pacific has increased its dividend by an average of 11.2% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Union Pacific has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Union Pacific to earn $8.94 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.8%.

Shares of Union Pacific stock opened at $143.54 on Friday. The company has a market capitalization of $106.17 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.72 and a beta of 0.95. Union Pacific has a one year low of $115.69 and a one year high of $165.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.05. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same period last year, the company earned $1.50 EPS. As a group, equities analysts expect that Union Pacific will post 7.85 EPS for the current fiscal year.

In related news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the sale, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now owns 106,518 shares in the company, valued at $17,448,713.58. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

UNP has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their price objective on Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Morgan Stanley lifted their price objective on Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Bank of America lifted their price objective on Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Finally, BMO Capital Markets lifted their price objective on Union Pacific to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $164.47.

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Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Dividend History for Union Pacific (NYSE:UNP)

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