Union Pacific (UNP) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $5.56
- Forward yield
- 1.92%
- Payout ratio
- 45.3%
- Growth streak
- 5 years
Union Pacific pays a quarterly dividend of $1.42 per share. Its most recent payment had an ex-date of August 31, 2026 and was paid on September 30, 2026. Over the trailing twelve months, it paid $5.56 per share, a yield of about 2.0% at a share price of $278.28.
The record shows raises in most years. The rate went from $1.18 to $1.30 with the May 2022 payment, a twelve-cent or 10.2% step. It then held at $1.30 through 2023. Since 2024, Union Pacific has raised its dividend once a year with the payment that goes ex-dividend in late August. The rate rose to $1.34 in 2024, $1.38 in 2025 and $1.42 in 2026. Each of those raises was four cents, or about 2.9% to 3.1%. Since early 2022, the quarterly rate has grown about 20%. Payments by calendar year rose from $5.08 in 2022 to $5.20 in 2023, $5.28 in 2024 and $5.44 in 2025. The source states the dividend has increased for five consecutive years.
If the pattern holds, the next payment would go ex-dividend in early December 2026 and be paid around December 30.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 29, 2026 | Aug 31, 2026 | Sep 30, 2026 | $1.42 |
| May 14, 2026 | May 29, 2026 | Jun 30, 2026 | $1.38 |
| Feb 5, 2026 | Feb 27, 2026 | Mar 31, 2026 | $1.38 |
| Nov 18, 2025 | Dec 5, 2025 | Dec 30, 2025 | $1.38 |
| Jul 16, 2025 | Aug 29, 2025 | Sep 30, 2025 | $1.38 |
| May 8, 2025 | May 30, 2025 | Jun 30, 2025 | $1.34 |
| Feb 6, 2025 | Feb 28, 2025 | Mar 31, 2025 | $1.34 |
| Nov 27, 2024 | Dec 9, 2024 | Dec 30, 2024 | $1.34 |
| Jul 17, 2024 | Aug 30, 2024 | Sep 30, 2024 | $1.34 |
| May 9, 2024 | May 31, 2024 | Jun 28, 2024 | $1.30 |
| Feb 8, 2024 | Feb 28, 2024 | Mar 29, 2024 | $1.30 |
| Nov 28, 2023 | Dec 7, 2023 | Dec 28, 2023 | $1.30 |
| Jul 26, 2023 | Aug 30, 2023 | Sep 29, 2023 | $1.30 |
| May 18, 2023 | May 30, 2023 | Jun 30, 2023 | $1.30 |
| Feb 9, 2023 | Feb 27, 2023 | Mar 31, 2023 | $1.30 |
| Dec 9, 2022 | Dec 16, 2022 | Dec 29, 2022 | $1.30 |
| Jul 28, 2022 | Aug 30, 2022 | Sep 30, 2022 | $1.30 |
| May 12, 2022 | May 27, 2022 | Jun 30, 2022 | $1.30 |
| Feb 3, 2022 | Feb 25, 2022 | Mar 31, 2022 | $1.18 |
| Dec 10, 2021 | Dec 17, 2021 | Dec 30, 2021 | $1.18 |
Frequently asked questions
Does Union Pacific (UNP) pay a dividend?
Yes. Union Pacific pays a quarterly dividend; the most recent payment was $1.42 per share.
What is UNP's dividend yield?
Union Pacific paid $5.56 per share over the trailing twelve months, a yield of 1.92% at the last price of $289.04. Click here to learn more
When is UNP's most recent ex-dividend date?
Union Pacific's most recent ex-dividend date is Aug 31, 2026, payable on Sep 30, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has UNP been raising its dividend?
Yes — Union Pacific has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.