The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Union Pacific Corporation (UNP) pays a $5.52 annual dividend ($1.42 quarterly), yielding 1.98% at $287.61/share. Next ex-dividend date 2026-08-31. 27 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.98%
Annual Dividend: $5.52 per share
Payout Ratio: 44.7%
Ex-Dividend Date: 2026-08-31
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 47
Union Pacific Corporation dividend investors are looking at one of the longest-operating railroads in the United States, founded in 1862 and still hauling grain, coal, finished automobiles, and intermodal freight across the country. UNP currently yields 2.04%, with trailing twelve-month payments of $5.52 per share paid quarterly, and the next ex-dividend date falls on August 31, 2026. As a Dividend Aristocrat with 27 consecutive years of increases, this is a stock built around income durability rather than high current yield. A beta of 0.954 puts UNP close to market-level volatility, which suits dividend investors who want railroad exposure without outsized price swings.
Union Pacific Corporation pays out 44.7% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful room to absorb earnings pressure without forcing a cut, and the company's role moving essential commodities like grain, fertilizers, petroleum, and industrial chemicals supports recurring freight demand. Union Pacific Corporation dividend safety is further reinforced by the fact that the payout has not declined in 27 consecutive years. The primary risk is cyclical: freight volumes tied to agriculture, energy, and manufacturing can contract during economic slowdowns, which would pressure the earnings base that supports the current payout.
Union Pacific Corporation dividend history shows a CAGR of 13.1% per year from 2011 to 2025. Per-share payments grew from $0.965 to $5.44 over that window (2026 data is partial and excluded from the rate calculation). The smallest annual increase in the window was 1.5% in 2024, a sharp deceleration from the 29.1% peak increase recorded in 2014.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.3% | $5.08 (2022) | $5.44 (2025) |
| 5-Year | +7.0% | $3.88 (2020) | $5.44 (2025) |
| 10-Year | +9.5% | $2.20 (2015) | $5.44 (2025) |
UNP fits dividend investors who prioritize a long, unbroken increase streak over a high current yield. The yield sits at a moderate (2–4%) 2.04%, which is slightly below the 5-year average of 2.19%, meaning the stock is priced toward the richer end of its recent range. As a Dividend Aristocrat with 27 consecutive years of increases, UNP brings a level of payout discipline that few industrial stocks match. What an investor gets is a railroad franchise with a 13.1% annualized dividend growth rate over 14 years. The trade-off is that recent growth has slowed sharply, with the 2024 increase coming in at just 1.5%, so the high historical CAGR may not reflect what lies ahead.
UNP is a Dividend Aristocrat with 27 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $1.4200 |
| 2026-05-29 | $1.3800 |
| 2026-02-27 | $1.3800 |
| 2025-12-05 | $1.3800 |
| 2025-08-29 | $1.3800 |
| 2025-05-30 | $1.3400 |
| 2025-02-28 | $1.3400 |
| 2024-12-09 | $1.3400 |
| 2024-08-30 | $1.3400 |
| 2024-05-31 | $1.3000 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.1800 |
| 2025 | $5.4400 |
| 2024 | $5.2800 |
| 2023 | $5.2000 |
| 2022 | $5.0800 |
Project income from UNP with the UNP dividend calculator or track your full portfolio with the dividend tracker.