Union Pacific Corporation (NYSE:UNP) Announces $1.38 Quarterly Dividend

Union Pacific Corporation (NYSE:UNP) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, May 29th will be paid a dividend of 1.38 per share by the railroad operator on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th.

Union Pacific has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 18 years. Union Pacific has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Union Pacific to earn $13.48 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 40.9%.

Union Pacific Stock Down 0.3%

UNP traded down $0.87 on Friday, hitting $268.47. The company had a trading volume of 1,590,906 shares, compared to its average volume of 3,232,180. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific has a 52-week low of $210.84 and a 52-week high of $274.79. The stock has a fifty day simple moving average of $252.20 and a 200-day simple moving average of $241.86. The firm has a market capitalization of $159.40 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.81 and a beta of 0.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period last year, the business posted $2.70 earnings per share. Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that Union Pacific will post 12.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,386 shares of company stock worth $8,461,716 in the last three months. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Union Pacific

A number of large investors have recently added to or reduced their stakes in UNP. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific in the 4th quarter worth approximately $25,000. Tucker Asset Management LLC bought a new stake in Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC grew its position in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the period. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter worth approximately $26,000. Finally, Caitlin John LLC bought a new stake in Union Pacific in the 3rd quarter worth approximately $27,000. Institutional investors own 80.38% of the company’s stock.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.