By Colin Kellaher

 

Union Pacific Corp. (UNP) on Thursday said board raised the quarterly dividend by 10.2% to 97 cents from 88 cents.

The new payout, equal to $3.88 a year, represents an annual yield of about 2.24% based on Thursday's closing price of $173.21, up from about 2.03%.

The Omaha, Neb., freight railroad said the increased dividend is payable Sept. 30 to shareholders of record Aug. 30.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

July 25, 2019 16:55 ET (20:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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