Union Pacific (UNP) Dividend History & Yield
Union Pacific (UNP) has increased its dividend for 20 consecutive years and currently yields 2.24%. The most recent payment was $1.3800/share on Feb 27, 2026, paid Quarterly.
Current Yield
2.24%
TTM Dividend/Share
$5.48
Payment Frequency
Quarterly
Payout Ratio
45.3%
Consecutive Growth Years
20
Div Growth (1Y CAGR)
3.03%
Div Growth (5Y CAGR)
6.99%
Div Growth (10Y CAGR)
9.48%
Dividend Safety Score
5 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 45.3%, 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.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Feb 27, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
- Yield (ex-date)
- 2.07%
Ex-date Dec 5, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
- Yield (ex-date)
- 2.31%
Ex-date Aug 29, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $1.3800
- Adj. dividend
- $1.3800
- Yield (ex-date)
- 2.42%
Ex-date May 30, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
- Yield (ex-date)
- 2.42%
Ex-date Feb 28, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
- Yield (ex-date)
- 2.16%
Ex-date Dec 9, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
- Yield (ex-date)
- 2.26%
Ex-date Aug 30, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $1.3400
- Adj. dividend
- $1.3400
- Yield (ex-date)
- 2.05%
Ex-date May 31, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
- Yield (ex-date)
- 2.23%
Ex-date Feb 28, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
- Yield (ex-date)
- 2.05%
Ex-date Dec 7, 2023
- Payment date
- Dec 28, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
- Yield (ex-date)
- 2.25%
Ex-date Aug 30, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
- Yield (ex-date)
- 2.33%
Ex-date May 30, 2023
- Payment date
- Jun 30, 2023
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
- Yield (ex-date)
- 2.68%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Feb 27, 2026 | Mar 31, 2026 | $1.3800 | $1.3800 | 2.07% |
| Dec 5, 2025 | Dec 30, 2025 | $1.3800 | $1.3800 | 2.31% |
| Aug 29, 2025 | Sep 30, 2025 | $1.3800 | $1.3800 | 2.42% |
| May 30, 2025 | Jun 30, 2025 | $1.3400 | $1.3400 | 2.42% |
| Feb 28, 2025 | Mar 31, 2025 | $1.3400 | $1.3400 | 2.16% |
| Dec 9, 2024 | Dec 30, 2024 | $1.3400 | $1.3400 | 2.26% |
| Aug 30, 2024 | Sep 30, 2024 | $1.3400 | $1.3400 | 2.05% |
| May 31, 2024 | Jun 28, 2024 | $1.3000 | $1.3000 | 2.23% |
| Feb 28, 2024 | Mar 29, 2024 | $1.3000 | $1.3000 | 2.05% |
| Dec 7, 2023 | Dec 28, 2023 | $1.3000 | $1.3000 | 2.25% |
| Aug 30, 2023 | Sep 29, 2023 | $1.3000 | $1.3000 | 2.33% |
| May 30, 2023 | Jun 30, 2023 | $1.3000 | $1.3000 | 2.68% |
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.
Frequently asked questions
Does Union Pacific pay dividends?
- Yes, Union Pacific (UNP) pays quarterly dividends of approximately $5.48 per share annually, yielding 2.24%.
What is Union Pacific's dividend yield?
- Union Pacific (UNP) has a current dividend yield of 2.24%.
Is Union Pacific's dividend safe?
- Union Pacific (UNP) passes 5 out of 5 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 45.3%.