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 20 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
