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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Union Pacific Corporation (UNP) pays a $5.56 annual dividend ($1.42 quarterly), yielding 1.92% at $289.62/share. Next ex-dividend date 2026-08-31. 10 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.92%
Annual Dividend: $5.56 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 get exposure to one of North America's largest freight rail networks, spanning 32,452 route miles across the western United States. UNP currently yields 1.92%, with a trailing annual dividend rate of $5.56 per share paid quarterly. The next ex-dividend date is August 31, 2026, with the last dividend payment of $1.42 per share. With a beta of 0.966, UNP stock moves nearly in line with the broader market, making it a fit for growth-and-income investors who want dividend expansion alongside moderate price stability.
Union Pacific Corporation pays out 44.7% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, which hauls freight across a diverse mix of commodities including agricultural products, coal, chemicals, and intermodal containers, providing broad demand exposure across multiple industries. Union Pacific Corporation dividend safety benefits from that commodity diversity, since weakness in one cargo category is partially offset by others. The most significant data-supported pressure point is that the dividend did experience at least one year-over-year decline exceeding 5% within the available history window, which means the payout is not unconditionally immune to business cycle stress.
Union Pacific Corporation dividend history shows a CAGR of 10.0% per year from 2010 to 2025. The per-share annual dividend grew from $1.31 to $5.44 over that period (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 47.3% in 2011, while growth in more recent years has been considerably more measured, with the 2023-to-2025 stretch adding only $0.24 per share across two years. For income investors focused on compounding, the long-run 10.0% CAGR is the headline number, but the recent deceleration is worth watching.
| 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 stock fits growth-and-income investors who are willing to accept a low current yield in exchange for a dividend that has compounded at 10.0% annually over 15 years. The current yield of 1.92% sits above the 5-year average of 1.75%, so income buyers are getting a slightly better entry point on yield than the recent norm. The trade-off is straightforward: Union Pacific Corporation does not deliver meaningful current income at below 2%, classified as low (below 2%), but the combination of a 44.7% payout ratio and a freight network serving agriculture, energy, and industrial markets has supported a decade of uninterrupted dividend increases. Ten consecutive years of growth is the defining data point here.
| 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 |
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