Union Pacific Corporation (UNP) To Go Ex-Dividend on May 29th

Union Pacific Corporation (NYSE:UNP) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, May 29th will be paid a dividend of 1.38 per share by the railroad operator on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th.

Union Pacific has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 18 consecutive years. Union Pacific has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Union Pacific to earn $13.48 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 40.9%.

Union Pacific Stock Performance

Shares of UNP stock opened at $271.54 on Wednesday. The business’s 50-day moving average price is $254.81 and its 200-day moving average price is $244.69. Union Pacific has a 12 month low of $210.84 and a 12 month high of $276.40. The firm has a market capitalization of $161.22 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.82 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period last year, the firm posted $2.70 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts forecast that Union Pacific will post 12.53 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen lifted their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Benchmark lifted their price objective on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a report on Tuesday, January 27th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein upped their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.47.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.