Union Pacific (UNP) Dividend History & Yield
Dividend ContenderUnion Pacific (UNP) has increased its dividend for 20 consecutive years and currently yields 2.06%. The most recent dividend was $1.3800/share on Mar 31, 2026, paid Quarterly.
Current Yield
2.06%
TTM Dividend/Share
$5.48
Payment Frequency
Quarterly
Payout Ratio
45.1%
Consecutive Growth Years
20 (Dividend Contender)
Div Growth (1Y CAGR)
3.03%
Div Growth (5Y CAGR)
6.99%
Div Growth (10Y CAGR)
9.48%
UNP: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.1%
FCF payout ratio
14.4%
Net debt / EBITDA
2.4x
Interest coverage
7.58x
ROIC (TTM)
16.3%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 45.1%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($9.28) covers dividend/share ($5.48).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
20 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 14.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.0%) exceeds EPS growth (1.0%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 29, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
Ex-date Feb 27, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
Ex-date Dec 5, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
Ex-date Aug 29, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
Ex-date May 30, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
Ex-date Feb 28, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
Ex-date Dec 9, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
Ex-date Aug 30, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
Ex-date May 31, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Feb 28, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Dec 7, 2023
- Payment date
- Dec 28, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Aug 30, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 29, 2026 | Jun 30, 2026 | $1.3800 | $1.3800 |
| Feb 27, 2026 | Mar 31, 2026 | $1.3800 | $1.3800 |
| Dec 5, 2025 | Dec 30, 2025 | $1.3800 | $1.3800 |
| Aug 29, 2025 | Sep 30, 2025 | $1.3800 | $1.3800 |
| May 30, 2025 | Jun 30, 2025 | $1.3400 | $1.3400 |
| Feb 28, 2025 | Mar 31, 2025 | $1.3400 | $1.3400 |
| Dec 9, 2024 | Dec 30, 2024 | $1.3400 | $1.3400 |
| Aug 30, 2024 | Sep 30, 2024 | $1.3400 | $1.3400 |
| May 31, 2024 | Jun 28, 2024 | $1.3000 | $1.3000 |
| Feb 28, 2024 | Mar 29, 2024 | $1.3000 | $1.3000 |
| Dec 7, 2023 | Dec 28, 2023 | $1.3000 | $1.3000 |
| Aug 30, 2023 | Sep 29, 2023 | $1.3000 | $1.3000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Union Pacific has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 20 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.4400 | — | — |
| 2025 | $5.2800 | $5.4400 | +3.0% |
| 2024 | $5.2000 | $5.2800 | +1.5% |
| 2023 | $5.0800 | $5.2000 | +2.4% |
| 2022 | $4.2900 | $5.0800 | +18.4% |
| 2021 | $3.8800 | $4.2900 | +10.6% |
| 2020 | $3.7000 | $3.8800 | +4.9% |
| 2019 | $3.0600 | $3.7000 | +20.9% |
| 2018 | $2.4800 | $3.0600 | +23.4% |
| 2017 | $2.2550 | $2.4800 | +10.0% |
| 2016 | $2.2000 | $2.2550 | +2.5% |
| 2015 | $1.9100 | $2.2000 | +15.2% |
| 2014 | $1.4800 | $1.9100 | +29.1% |
| 2013 | $1.2450 | $1.4800 | +18.9% |
| 2012 | $0.9650 | $1.2450 | +29.0% |
| 2011 | $0.6550 | $0.9650 | +47.3% |
| 2010 | $0.5400 | $0.6550 | +21.3% |
| 2009 | $0.4900 | $0.5400 | +10.2% |
| 2008 | $0.3725 | $0.4900 | +31.5% |
| 2007 | $0.3000 | $0.3725 | +24.2% |
| 2006 | $0.3000 | $0.3000 | 0.0% |
| 2005 | $0.3000 | $0.3000 | 0.0% |
| 2004 | $0.2475 | $0.3000 | +21.2% |
| 2003 | $0.2075 | $0.2475 | +19.3% |
| 2002 | $0.2000 | $0.2075 | +3.8% |
| 2001 | $0.2000 | $0.2000 | 0.0% |
| 2000 | $0.2000 | $0.2000 | 0.0% |
| 1999 | $0.2000 | $0.2000 | 0.0% |
| 1998 | $0.4300 | $0.2000 | -53.5% |
| 1997 | $0.3243 | $0.4300 | +32.6% |
| 1996 | $0.2891 | $0.3243 | +12.2% |
| 1995 | $0.2790 | $0.2891 | +3.6% |
| 1994 | $0.2589 | $0.2790 | +7.8% |
| 1993 | $0.2387 | $0.2589 | +8.5% |
| 1992 | $0.1765 | $0.2387 | +35.2% |
| 1991 | $0.1988 | $0.1765 | -11.2% |
| 1990 | $0.1874 | $0.1988 | +6.1% |
| 1989 | $0.1765 | $0.1874 | +6.2% |
| 1988 | $0.1849 | $0.1765 | -4.5% |
| 1987 | $0.1555 | $0.1849 | +18.9% |
| 1986 | $0.1513 | $0.1555 | +2.8% |
| 1985 | $0.1513 | $0.1513 | 0.0% |
| 1984 | $0.1513 | $0.1513 | 0.0% |
| 1983 | $0.1513 | $0.1513 | 0.0% |
| 1982 | $0.1051 | $0.1513 | +44.0% |
| 1981 | $0.1219 | $0.1051 | -13.8% |
| 1980 | — | $0.1219 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Union Pacific (UNP) from the consolidated cash flow statement, in USD as filed.
Latest period
$3.25B
YoY change
+0.7%
5Y CAGR
+4.3%
Peak year (2025)
$3.24B
Latest annual
$3.24B
Cash dividends paid over time for Union Pacific (UNP)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Union Pacific (UNP)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $3.24B | +0.7% | +$23.00M | ||
| 2024 | $3.21B | +1.3% | +$40.00M | ||
| 2023 | $3.17B | +0.4% | +$14.00M | ||
| 2022 | $3.16B | +12.8% | +$359.00M | ||
| 2021 | $2.80B | +6.6% | +$174.00M | ||
| 2020 | $2.63B | +1.1% | +$28.00M | ||
| 2019 | $2.60B | +13.0% | +$299.00M | ||
| 2018 | $2.30B | +16.0% | +$317.00M | ||
| 2017 | $1.98B | +5.5% | +$103.00M | ||
| 2016 | $1.88B | -19.8% | -$465.00M | ||
| 2015 | $2.34B | +43.6% | +$712.00M | ||
| 2014 | $1.63B | +22.4% | +$299.00M | ||
| 2013 | $1.33B | +16.3% | +$187.00M | ||
| 2012 | $1.15B | +36.9% | +$309.00M | ||
| 2011 | $837.00M | +39.0% | +$235.00M | ||
| 2010 | $602.00M | +10.7% | +$58.00M | ||
| 2009 | $544.00M | +13.1% | +$63.00M | ||
| 2008 | $481.00M | +32.1% | +$117.00M | ||
| 2007 | $364.00M | +13.0% | +$42.00M | ||
| 2006 | $322.00M | +2.5% | +$8.00M | ||
| 2005 | $314.00M | +1.3% | +$4.00M | ||
| 2004 | $310.00M | +32.5% | +$76.00M | ||
| 2003 | $234.00M | — | +$234.00M | ||
| 2002 | $0 | -100.0% | -$198.00M | ||
| 2001 | $198.00M | -0.5% | -$1.00M | ||
| 2000 | $199.00M | +0.5% | +$1.00M | ||
| 1999 | $198.00M | -22.4% | -$57.00M | ||
| 1998 | $255.00M | -39.6% | -$167.00M | ||
| 1997 | $422.00M | +19.5% | +$69.00M | ||
| 1996 | $353.00M | 0.0% | $0 | ||
| 1995 | $353.00M | +5.7% | +$19.00M | ||
| 1994 | $334.00M | +8.1% | +$25.00M | ||
| 1993 | $309.00M | +9.6% | +$27.00M | ||
| 1992 | $282.00M | +9.7% | +$25.00M | ||
| 1991 | $257.00M | +10.8% | +$25.00M | ||
| 1990 | $232.00M | -1.3% | -$3.00M | ||
| 1989 | $235.00M | — | — |
As of the 2025 fiscal year, Union Pacific (UNP) reported dividends paid of $3.24B – edged up 0.7% year-over-year.
Over 2020–2025 (5 years), Union Pacific dividends paid expanded at a +4.3% compound annual rate, sustaining 9 straight years of year-over-year growth.
The dataset's maximum dividends paid sits at $3.24B (2025); the minimum reading of $0 dates to 2002.
Among 8 Industrials peers, Union Pacific (UNP) ranks 2nd; the peer median for dividends paid is $1.67B.
Union Pacific Dividends Paid 2025: $3.24B
Union Pacific dividends paid in 2025 was $3.24B, edged up 0.7% from 2024. This figure represents the highest annual value in the available history.
Union Pacific Dividends Paid 2024: $3.21B
Union Pacific dividends paid in 2024 was $3.21B, edged up 1.3% from 2023.
Union Pacific Dividends Paid 2023: $3.17B
Union Pacific dividends paid in 2023 was $3.17B, edged up 0.4% from 2022.
Union Pacific Dividends Paid 2022: $3.16B
Union Pacific dividends paid in 2022 was $3.16B, grew 12.8% from 2021.
Union Pacific Dividends Paid 2021: $2.80B
Union Pacific dividends paid in 2021 was $2.80B.
See more financial history for Union Pacific (UNP).
Sector peers by dividends paid
Companies in the same sector as Union Pacific, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Vertiv Holdings (VRT) | $66.60M | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does Union Pacific pay dividends?
Yes, Union Pacific (UNP) pays quarterly dividends of approximately $5.48 per share annually, yielding 2.06%.
What is Union Pacific's dividend yield?
Union Pacific (UNP) has a current dividend yield of 2.06%.
Is Union Pacific's dividend safe?
Union Pacific (UNP) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Union Pacific increased its dividend?
Union Pacific (UNP) has 20 consecutive years of dividend increases.
What is Union Pacific's dividend payout ratio?
Union Pacific (UNP) has a dividend payout ratio of 45.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Union Pacific's dividends paid?
Latest reported dividends paid for Union Pacific (UNP) is $3.25B (period ending March 31, 2026).
How has Union Pacific dividends paid changed year-over-year?
Union Pacific (UNP) dividends paid changed +0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Union Pacific dividends paid?
Union Pacific (UNP) dividends paid compound annual growth rate is +4.3% over the most recent 5 years available.
When did Union Pacific dividends paid hit its highest annual value?
Union Pacific dividends paid reached its highest annual value of $3.24B in 2025.
What was Union Pacific dividends paid in 2024?
Union Pacific (UNP) dividends paid in 2024 was $3.21B.
What was Union Pacific dividends paid in 2025?
Union Pacific (UNP) dividends paid in 2025 was $3.24B.
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