In a shareholder-friendly move, Union Pacific Corporation’s (UNP) board of directors approved a dividend hike of 3%, thereby raising its quarterly cash dividend to $1.34 per share ($5.36 annualized) from $1.30 ($5.20 annualized). The raised dividend will be paid out on Sep 30, 2024, to shareholders of record at the close of business on Aug 30. The move reflects UNP’s intention to utilize free cash to enhance its shareholders’ returns. Notably, UNP has paid dividends for 125 consecutive years.Jennifer Hamann ...