Premium ContentMouse over Home then click on Premium Content for information.The quarterly dividend paid to Union Pacific Corp. shareholders will remain at the level set by the company's board of directors in November.
Board members voted Thursday to keep the dividend on common stock at 60 cents per share. It is payable April 2 to stockholders of record on Feb. 29.
Last year was U.P.'s most profitable to date, with net income rising to $3.3 billion, up from $2.8 billion in 2010.
Over the course of the year, the board twice voted to increase the dividend. After the annual shareholders meeting in May, it went from 38 cents to 47.5 cents a share. In November, the board boosted the dividend to 60 cents per share.
U.P. stock closed Thursday at $114.73.
Contact the writer:
402-444-1543, erin.golden@owh.com
Contact the Omaha World-Herald newsroom
Copyright ©2012 Omaha World-Herald®. All rights reserved. This material may not be published, broadcast, rewritten, displayed or redistributed for any purpose without permission from the Omaha World-Herald.
