Union Pacific Keeps Dividend Steady

Union Pacific (UNP: 72.38 +1.09%) announced yesterday that its Board of Directors has approved a quarterly dividend of $.27 per share.

Union Pacific’s current dividend yield now stands at 1.9%.

The dividend will be payable on October 1, 2009 to shareholders of record as of August 31, 2009.

The stock closed today up 0.7% at $57.52. Since the beginning of 2009, UNP’s shares have risen over 20%.

The railroad stock is a consistent dividend stock, paying out dividend now for 110 consecutive years.