Monday, November 19, 2012
Dividend Increase: UNP
Union Pacific (UNP) is increasing its quarterly dividend by 15%, from $0.60 to $0.69 per share, putting the company on track for its 7th consecutive year of dividend growth. Given that I own 10 shares of UNP, my quarterly dividend increases from $6.00 to $6.90, which will add an extra $3.60 to my annual dividend income. The increase will be effective with the first dividend payment in 2013. This dividend increase also boosts my yield on cost to 2.61%.