Union Pacific Corporation (UNP) Dividend History
UNP latest dividend
$1.42last dividend per share
Ex-dividend dateAug 31Monday, 2026
Payment dateSep 30Wednesday, 2026
The next dividend has not been announced yet.
- 19 yearsof dividend increases
- 1980paying since
- Quarterly4 payments a year
- +7.0%5-year growth a year
- 1.97%forward yield
UNP dividend income calculator
- Dividend income a year
- $568
- Each payment
- $142
- Value of the shares
- $28,904
- Dividend yield
- 1.97%
At the latest close; forward annual dividend $5.68 per share, before tax.
UNP dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
UNP dividend safety
Payout ratio (earnings)45.3%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)58.8%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+7.0%
Growing · a year on average
Years of increases19
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
UNP yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $226.04 | 2.51% | $5.56 | 2.5% |
| 3 years ago | $205.92 | 2.76% | $16.20 | 7.9% |
| 5 years ago | $225.93 | 2.51% | $26.36 | 11.7% |
| 10 years ago | $96.72 | 5.87% | $43.20 | 44.7% |
| 20 years ago | $22.82 | 24.88% | $54.78 | 240.0% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
UNP dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
UNP dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $5.44 | +3.0% | 2.35% | 4 |
| 2024 | $5.28 | +1.5% | 2.32% | 4 |
| 2023 | $5.20 | +2.4% | 2.12% | 4 |
| 2022 | $5.08 | +18.4% | 2.45% | 4 |
| 2021 | $4.29 | +10.6% | 1.70% | 4 |
| 2020 | $3.88 | +4.9% | 1.86% | 4 |
| 2019 | $3.70 | +20.9% | 2.05% | 4 |
| 2018 | $3.06 | +23.4% | 2.21% | 4 |
| 2017 | $2.48 | +10.0% | 1.85% | 4 |
| 2016 | $2.25 | +2.5% | 2.17% | 4 |
| 2015 | $2.20 | +15.2% | 2.81% | 4 |
| 2014 | $1.91 | +29.1% | 1.60% | 4 |
| 2013 | $1.48 | +18.9% | 1.76% | 4 |
| 2012 | $1.25 | +29.0% | 1.98% | 4 |
| 2011 | $0.96 | +47.3% | 1.82% | 4 |
| 2010 | $0.66 | +21.3% | 1.41% | 4 |
| 2009 | $0.54 | +10.2% | 1.69% | 4 |
| 2008 | $0.49 | +31.5% | 2.05% | 4 |
| 2007 | $0.37 | +24.2% | 1.19% | 4 |
| 2006 | $0.30 | — | 1.30% | 4 |
UNP dividend history
187 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-08-31 | 2026-09-30 | $1.42 | +2.9% | Quarterly |
| 2026-05-29 | 2026-06-30 | $1.38 | — | Quarterly |
| 2026-02-27 | 2026-03-31 | $1.38 | — | Quarterly |
| 2025-12-05 | 2025-12-30 | $1.38 | — | Quarterly |
| 2025-08-29 | 2025-09-30 | $1.38 | +3.0% | Quarterly |
| 2025-05-30 | 2025-06-30 | $1.34 | — | Quarterly |
| 2025-02-28 | 2025-03-31 | $1.34 | — | Quarterly |
| 2024-12-09 | 2024-12-30 | $1.34 | — | Quarterly |
| 2024-08-30 | 2024-09-30 | $1.34 | +3.1% | Quarterly |
| 2024-05-31 | 2024-06-28 | $1.30 | — | Quarterly |
| 2024-02-28 | 2024-03-29 | $1.30 | — | Quarterly |
| 2023-12-07 | 2023-12-28 | $1.30 | — | Quarterly |
| 2023-08-30 | 2023-09-29 | $1.30 | — | Quarterly |
| 2023-05-30 | 2023-06-30 | $1.30 | — | Quarterly |
| 2023-02-27 | 2023-03-31 | $1.30 | — | Quarterly |
| 2022-12-16 | 2022-12-29 | $1.30 | — | Quarterly |
Show all 187 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-30 | 2022-09-30 | $1.30 | — | Quarterly |
| 2022-05-27 | 2022-06-30 | $1.30 | +10.2% | Quarterly |
| 2022-02-25 | 2022-03-31 | $1.18 | — | Quarterly |
| 2021-12-17 | 2021-12-30 | $1.18 | +10.3% | Quarterly |
| 2021-08-30 | 2021-09-30 | $1.07 | — | Quarterly |
| 2021-05-27 | 2021-06-30 | $1.07 | +10.3% | Quarterly |
| 2021-02-25 | 2021-03-31 | $0.97 | — | Quarterly |
| 2020-11-27 | 2020-12-30 | $0.97 | — | Quarterly |
| 2020-08-28 | 2020-09-30 | $0.97 | — | Quarterly |
| 2020-05-28 | 2020-06-30 | $0.97 | — | Quarterly |
| 2020-02-27 | 2020-03-31 | $0.97 | — | Quarterly |
| 2019-11-27 | 2019-12-30 | $0.97 | — | Quarterly |
| 2019-08-29 | 2019-09-30 | $0.97 | +10.2% | Quarterly |
| 2019-05-30 | 2019-06-28 | $0.88 | — | Quarterly |
| 2019-02-27 | 2019-03-29 | $0.88 | +10.0% | Quarterly |
| 2018-11-29 | 2018-12-28 | $0.8 | — | Quarterly |
| 2018-08-30 | 2018-09-28 | $0.8 | +9.6% | Quarterly |
| 2018-05-30 | 2018-06-29 | $0.73 | — | Quarterly |
| 2018-02-27 | 2018-03-30 | $0.73 | +9.8% | Quarterly |
| 2017-11-29 | 2017-12-28 | $0.665 | +9.9% | Quarterly |
| 2017-08-29 | 2017-09-29 | $0.605 | — | Quarterly |
| 2017-05-26 | 2017-06-30 | $0.605 | — | Quarterly |
| 2017-02-24 | 2017-03-31 | $0.605 | — | Quarterly |
| 2016-11-28 | 2016-12-29 | $0.605 | +10.0% | Quarterly |
| 2016-08-29 | 2016-09-30 | $0.55 | — | Quarterly |
| 2016-05-26 | 2016-06-30 | $0.55 | — | Quarterly |
| 2016-02-25 | 2016-03-31 | $0.55 | — | Quarterly |
| 2015-11-25 | 2015-12-30 | $0.55 | — | Quarterly |
| 2015-08-27 | 2015-09-30 | $0.55 | — | Quarterly |
| 2015-05-27 | 2015-06-30 | $0.55 | — | Quarterly |
| 2015-02-25 | 2015-03-30 | $0.55 | +10.0% | Quarterly |
| 2014-11-28 | 2015-01-02 | $0.5 | — | Quarterly |
| 2014-08-27 | 2014-10-01 | $0.5 | +9.9% | Quarterly |
| 2014-06-12 | 2014-07-01 | $0.455 | — | Quarterly |
| 2014-02-26 | 2014-04-01 | $0.455 | +15.2% | Quarterly |
| 2013-11-29 | 2014-01-02 | $0.395 | — | Quarterly |
| 2013-08-28 | 2013-10-01 | $0.395 | +14.5% | Quarterly |
| 2013-05-29 | 2013-07-01 | $0.345 | — | Quarterly |
| 2013-02-26 | 2013-04-01 | $0.345 | — | Quarterly |
| 2012-11-28 | 2013-01-02 | $0.345 | +15.0% | Quarterly |
| 2012-08-29 | 2012-10-01 | $0.3 | — | Quarterly |
| 2012-05-29 | 2012-07-02 | $0.3 | — | Quarterly |
| 2012-02-27 | 2012-04-02 | $0.3 | — | Quarterly |
| 2011-11-28 | 2012-01-02 | $0.3 | +26.3% | Quarterly |
| 2011-08-29 | 2011-10-03 | $0.2375 | — | Quarterly |
| 2011-05-26 | 2011-07-01 | $0.2375 | +25.0% | Quarterly |
| 2011-02-24 | 2011-04-01 | $0.19 | — | Quarterly |
| 2010-11-26 | 2011-01-03 | $0.19 | +15.2% | Quarterly |
| 2010-08-27 | 2010-10-01 | $0.165 | — | Quarterly |
| 2010-05-26 | 2010-07-01 | $0.165 | +22.2% | Quarterly |
| 2010-02-24 | 2010-04-01 | $0.135 | — | Quarterly |
| 2009-11-25 | 2010-01-04 | $0.135 | — | Quarterly |
| 2009-08-27 | 2009-10-01 | $0.135 | — | Quarterly |
| 2009-05-27 | 2009-07-01 | $0.135 | — | Quarterly |
| 2009-02-25 | 2009-04-01 | $0.135 | — | Quarterly |
| 2008-11-26 | 2009-01-02 | $0.135 | — | Quarterly |
| 2008-08-27 | 2008-10-01 | $0.135 | +22.7% | Quarterly |
| 2008-06-04 | 2008-07-01 | $0.11 | — | Quarterly |
| 2008-03-10 | 2008-04-01 | $0.11 | — | Quarterly |
| 2007-11-27 | 2008-01-02 | $0.11 | +25.7% | Quarterly |
| 2007-08-28 | 2007-10-01 | $0.0875 | — | Quarterly |
| 2007-05-25 | 2007-07-02 | $0.0875 | — | Quarterly |
| 2007-02-26 | 2007-04-02 | $0.0875 | +16.7% | Quarterly |
| 2006-11-28 | 2007-01-02 | $0.075 | — | Quarterly |
| 2006-08-29 | 2006-10-02 | $0.075 | — | Quarterly |
| 2006-05-26 | 2006-07-03 | $0.075 | — | Quarterly |
| 2006-03-06 | 2006-04-03 | $0.075 | — | Quarterly |
| 2005-12-12 | 2006-01-02 | $0.075 | — | Quarterly |
| 2005-09-12 | 2005-10-03 | $0.075 | — | Quarterly |
| 2005-06-06 | 2005-07-01 | $0.075 | — | Quarterly |
| 2005-03-07 | 2005-04-01 | $0.075 | — | Quarterly |
| 2004-12-06 | 2005-01-03 | $0.075 | — | Quarterly |
| 2004-09-03 | 2004-10-01 | $0.075 | — | Quarterly |
| 2004-06-07 | 2004-07-01 | $0.075 | — | Quarterly |
| 2004-03-08 | 2004-04-01 | $0.075 | — | Quarterly |
| 2003-12-08 | 2004-01-02 | $0.075 | +30.4% | Quarterly |
| 2003-09-08 | 2003-10-01 | $0.0575 | — | Quarterly |
| 2003-06-09 | 2003-07-01 | $0.0575 | — | Quarterly |
| 2003-03-10 | 2003-04-01 | $0.0575 | — | Quarterly |
| 2002-12-09 | 2003-01-02 | $0.0575 | +15.0% | Quarterly |
| 2002-09-09 | 2002-10-01 | $0.05 | — | Quarterly |
| 2002-06-10 | 2002-07-01 | $0.05 | — | Quarterly |
| 2002-03-11 | 2002-04-01 | $0.05 | — | Quarterly |
| 2001-12-10 | 2002-01-02 | $0.05 | — | Quarterly |
| 2001-09-10 | 2001-10-01 | $0.05 | — | Quarterly |
| 2001-06-11 | 2001-07-02 | $0.05 | — | Quarterly |
| 2001-03-12 | 2001-04-02 | $0.05 | — | Quarterly |
| 2000-12-11 | 2001-01-02 | $0.05 | — | Quarterly |
| 2000-09-11 | 2000-10-02 | $0.05 | — | Quarterly |
| 2000-06-12 | 2000-07-03 | $0.05 | — | Quarterly |
| 2000-03-13 | 2000-04-03 | $0.05 | — | Quarterly |
| 1999-12-06 | 2000-01-03 | $0.05 | — | Quarterly |
| 1999-09-03 | 1999-10-01 | $0.05 | — | Quarterly |
| 1999-06-07 | 1999-07-01 | $0.05 | — | Quarterly |
| 1999-03-08 | 1999-04-01 | $0.05 | — | Quarterly |
| 1998-12-07 | 1999-01-04 | $0.05 | — | Quarterly |
| 1998-09-04 | 1998-10-01 | $0.05 | — | Quarterly |
| 1998-06-08 | 1998-07-01 | $0.05 | — | Quarterly |
| 1998-03-09 | 1998-04-01 | $0.05 | −53.5% | Quarterly |
| 1997-12-08 | 1998-01-02 | $0.1075 | — | Quarterly |
| 1997-09-08 | 1997-10-01 | $0.1075 | — | Quarterly |
| 1997-06-09 | 1997-07-01 | $0.1075 | — | Quarterly |
| 1997-03-10 | 1997-04-01 | $0.1075 | — | Quarterly |
| 1996-12-16 | 1997-01-02 | $0.1075 | +48.4% | Quarterly |
| 1996-09-06 | 1996-10-01 | $0.0725 | — | Quarterly |
| 1996-06-10 | 1996-07-01 | $0.0725 | — | Quarterly |
| 1996-03-11 | 1996-04-01 | $0.0725 | — | Quarterly |
| 1995-12-20 | 1996-01-02 | $0.0725 | — | Quarterly |
| 1995-09-11 | 1995-10-02 | $0.0725 | — | Quarterly |
| 1995-06-12 | 1995-07-03 | $0.0725 | — | Quarterly |
| 1995-03-09 | 1995-04-03 | $0.0725 | — | Quarterly |
| 1994-12-08 | 1995-01-03 | $0.0725 | — | Quarterly |
| 1994-09-08 | 1994-10-03 | $0.0725 | +7.5% | Quarterly |
| 1994-06-09 | 1994-07-01 | $0.0674 | — | Quarterly |
| 1994-03-10 | 1994-04-01 | $0.0674 | — | Quarterly |
| 1993-12-02 | 1994-01-03 | $0.0674 | — | Quarterly |
| 1993-09-01 | 1993-10-01 | $0.0674 | +8.1% | Quarterly |
| 1993-06-03 | 1993-07-01 | $0.0624 | — | Quarterly |
| 1993-03-04 | 1993-04-01 | $0.0624 | — | Quarterly |
| 1992-12-03 | 1993-01-04 | $0.0624 | — | Quarterly |
| 1992-09-02 | 1992-10-01 | $0.0624 | +8.8% | Quarterly |
| 1992-06-04 | 1992-07-01 | $0.0573 | — | Quarterly |
| 1992-03-05 | 1992-04-01 | $0.0573 | — | Quarterly |
| 1991-11-27 | 1992-01-02 | $0.0573 | — | Quarterly |
| 1991-09-10 | 1991-10-01 | $0.0573 | +8.8% | Quarterly |
| 1991-06-06 | 1991-07-01 | $0.0527 | — | Quarterly |
| 1991-03-07 | 1991-04-01 | $0.0527 | — | Quarterly |
| 1990-12-06 | 1991-01-02 | $0.0527 | +7.8% | Quarterly |
| 1990-08-29 | 1990-10-01 | $0.0489 | — | Quarterly |
| 1990-06-07 | 1990-07-02 | $0.0489 | — | Quarterly |
| 1990-03-01 | 1990-04-02 | $0.0489 | −32.6% | Quarterly |
| 1989-12-07 | 1990-01-02 | $0.0725 | +5.5% | Quarterly |
| 1989-09-07 | 1989-10-02 | $0.0688 | — | Quarterly |
| 1989-06-05 | 1989-07-03 | $0.0688 | +48.7% | Quarterly |
| 1989-03-02 | 1989-04-03 | $0.0462 | — | |
| 1988-11-23 | 1989-01-03 | $0.0462 | — | |
| 1988-09-08 | 1988-10-03 | $0.0462 | +10.0% | |
| 1988-06-02 | — | $0.042 | — | |
| 1988-02-23 | 1988-04-01 | $0.042 | — | |
| 1987-11-25 | 1988-01-04 | $0.042 | — | |
| 1987-09-02 | 1987-10-01 | $0.042 | +150.0% | |
| 1987-08-06 | — | $0.0168 | −60.0% | |
| 1987-06-04 | 1987-07-01 | $0.042 | — | |
| 1987-03-05 | 1987-04-01 | $0.042 | — | |
| 1986-11-26 | 1987-01-02 | $0.042 | +11.1% | |
| 1986-09-04 | — | $0.0378 | — | |
| 1986-06-05 | 1986-07-01 | $0.0378 | — | |
| 1986-03-06 | 1986-04-01 | $0.0378 | — | |
| 1985-11-27 | 1986-01-02 | $0.0378 | — | |
| 1985-09-05 | 1985-10-01 | $0.0378 | — | |
| 1985-06-06 | 1985-07-01 | $0.0378 | — | |
| 1985-03-07 | 1985-04-01 | $0.0378 | — | |
| 1984-12-06 | 1985-01-02 | $0.0378 | — | |
| 1984-09-06 | 1984-10-01 | $0.0378 | — | |
| 1984-05-03 | 1984-07-02 | $0.0378 | — | |
| 1984-03-01 | — | $0.0378 | — | |
| 1983-11-23 | — | $0.0378 | — | |
| 1983-08-31 | — | $0.0378 | — | |
| 1983-06-02 | — | $0.0378 | — | |
| 1983-03-03 | — | $0.0378 | — | |
| 1982-11-24 | — | $0.0378 | — | |
| 1982-09-01 | — | $0.0378 | — | |
| 1982-06-03 | — | $0.0378 | — | |
| 1982-03-04 | — | $0.0378 | — | |
| 1981-11-25 | — | $0.0378 | +12.5% | |
| 1981-06-04 | — | $0.0336 | — | |
| 1981-03-05 | — | $0.0336 | — | |
| 1980-11-26 | — | $0.0336 | +14.3% | |
| 1980-09-04 | — | $0.0294 | — | |
| 1980-06-05 | — | $0.0294 | — | |
| 1980-03-06 | — | $0.0294 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
UNP stock split history
- 2:1June 9, 2014
- 2:1May 29, 2008
- 2:1October 2, 1991
UNP dividend overview
Union Pacific pays an annual dividend of $5.68 per share, a yield of 1.97% at the latest close, paid quarterly. It paid $5.44 per share in 2025, up 3.0% from 2024. It has raised its dividend for 19 consecutive years. Over five years the dividend grew 7.0% a year on average and over ten years 9.5% a year. The payout ratio is 45.3% of trailing earnings.
Related: UNP cash flow statement, UNP key metrics, UNP chart. See the UNP stock overview for the latest quote and news.
UNP dividends FAQ
Does Union Pacific pay a dividend?
Yes. Union Pacific has paid a regular dividend since 1980, quarterly, most recently $1.42 per share with an ex-dividend date of August 31, 2026.
What is Union Pacific's dividend yield?
Union Pacific's forward annual dividend is $5.68 per share, a dividend yield of 1.97% at the latest close of $289.04.
How often does Union Pacific pay dividends?
Union Pacific pays dividends quarterly.
How fast is Union Pacific's dividend growing?
Union Pacific's dividend per share grew from $3.88 in 2020 to $5.44 in 2025, 7.0% a year on average over five years; it has increased for 19 years in a row.
What is Union Pacific's dividend payout ratio?
Union Pacific pays out 45.3% of its trailing earnings as dividends and 58.8% of its free cash flow (fiscal 2025).
Has Union Pacific split its stock?
Union Pacific has split its stock 3 times: 2:1 on June 9, 2014, 2:1 on May 29, 2008, 2:1 on October 2, 1991. Dividends per share on this page are adjusted for splits.