UNP · 10-Q · 2026Q3 · Full report

Quarterly Dividend Increase

UNION PACIFIC CORP · 2026-10-22 · Importance 45 · Surprise 50 · In source text

Union Pacific increased its quarterly dividend from $1.38 to $1.42 per share in the third quarter of 2026. The company paid $2.484 billion in dividends during the first nine months of 2026, compared with $2.418 billion in the same 2025 period. Share repurchases were paused following the pending Norfolk Southern acquisition announcement in the third quarter of 2025. Financing cash use declined 13% year to date, partly because of the pause in repurchases.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashnegativecommitted—UNION PACIFIC CORP increased its quarterly dividend from $1.38 per share to $1.42 per share in third-quarter 2026.