One of the companies in my portfolio, Union Pacific (UNP), is celebrating its 150th anniversary today. It was on July 1, 1862, that Abraham Lincoln signed the Pacific Railway Act that established the company and initiated the construction of the first transcontinental railroad.
With all the events and changes that have taken place over the past 150 years, I find it remarkable that Union Pacific not only still exists today, but is a strong enterprise that continues to grow. There are not many companies that have that kind of staying power. It is also worth noting that even though its current dividend growth streak is just 6 years, the company has paid dividends for 112 consecutive years, which is another great feat.
I hope Union Pacific keeps on rolling for another 150 years!
Nice! It has paid dividends since what 1900? That's crazy. Railroads are still a cost effective way to ship bulk goods I doubt the streak will end anytime soon.
ReplyDeleteHi Compounding Income,
DeleteIt is pretty amazing and I agree that the streak is likely to continue for a long time. Incidentally, another company in my portfolio, General Mills (GIS), has paid dividends for 113 consecutive years. I think that might be the record (of the stocks I own).
Cheers,
Deedubs