Union Pacific Corporation (NYSE:UNP) Declares Quarterly Dividend of $0.61

Union Pacific Corporation (NYSE:UNP) declared a quarterly dividend on Thursday, July 27th, RTT News reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.605 per share by the railroad operator on Friday, September 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Tuesday, August 29th.

Union Pacific Corporation has increased its dividend by an average of 16.4% per year over the last three years and has increased its dividend every year for the last 7 years. Union Pacific Corporation has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Union Pacific Corporation to earn $6.35 per share next year, which means the company should continue to be able to cover its $2.42 annual dividend with an expected future payout ratio of 38.1%.

Union Pacific Corporation (NYSE UNP) traded up 0.0510% on Monday, hitting $102.5323. 630,380 shares of the stock were exchanged. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The company’s 50-day moving average is $107.62 and its 200-day moving average is $107.96. The company has a market cap of $82.07 billion, a PE ratio of 18.5949 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $1.17 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current year.

In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

UNP has been the subject of several research reports. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Tuesday, May 30th. BidaskClub lowered Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group lifted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.20.

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About Union Pacific Corporation

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.