Dividends4Life: Union Pacific Boasts Long Dividend History

Union Pacific Boasts Long Dividend History

Posted by D4L | Monday, February 13, 2012 | | 0 comments »

has rewarded shareholders for more than a century. The nation's largest rail operator has paid a dividend for 113 years. Last week, the company declared a quarterly payout of 60 cents a share. The dividend will be paid April 2nd to shareholders of record Feb. 29. Union Pacific raised its dividend twice in 2011. It last hiked its payout by 26% to the current 60 cents a share in November. The company's quarterly dividend has more than doubled in three years.

On an annual basis, Union Pacific pays $2.40 a share, which works out to a current yield of about 2.1%. That represents the third-highest yield among the seven dividend-paying stocks in the Transportation-Rail group. At 97, Union Pacific has the highest Composite Rating in the 11-member group. Last month, the company announced record Q4 and full-year 2011 results. Union Pacific's quarterly earnings grew 28% to $1.99 a share as price hikes and improved volumes offset a 28% surge in fuel costs. The gain was the best in three quarters.

Source: Investors.com

Related Articles:
- If Only I Had Known About These Dividend Stocks...
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 17 Stocks With Room To Grow Their Dividend
- We Were Dividends, Before Dividends Were Cool
- 12 Dividend Stocks Delivering The Secret To Success

Click here to have future posts delivered to you for free!

________________________________________________________________

0 comments

Post a Comment

Note: Only a member of this blog may post a comment.

~

Popular Posts Last 30 Days