Union Pacific Corporation (UNP) To Go Ex-Dividend on August 31st

Union Pacific Corporation (NYSE:UNP) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 31st will be paid a dividend of 1.42 per share by the railroad operator on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. This is a 2.9% increase from Union Pacific’s previous quarterly dividend of $1.38.

Union Pacific has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 18 consecutive years. Union Pacific has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Union Pacific to earn $13.96 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 40.7%.

Union Pacific Stock Up 0.0%

UNP stock opened at $307.82 on Friday. The company has a market cap of $182.87 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 3.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific has a 12 month low of $210.84 and a 12 month high of $315.99. The firm has a 50-day moving average of $291.07 and a two-hundred day moving average of $269.81.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. As a group, analysts forecast that Union Pacific will post 13.01 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. Cornerstone Financial Management LLC acquired a new position in Union Pacific in the fourth quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Union Pacific in the first quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Union Pacific during the first quarter worth about $29,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Company Profile

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.