Does UNP pay a dividend?

Yes. Union Pacific Corporation pays a quarterly dividend, currently yielding 2.03% based on trailing twelve-month payments of $5.56 per share.

How much does UNP pay in dividends?

$5.56 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next UNP ex-dividend date?

No upcoming ex-dividend date is currently on record for UNP. Dates appear here once the company declares them.

UNP Dividend

Union Pacific Corporation

NYSEIndustrialsStockData as of August 31, 2026

Dividend yield: 2.03%
Annual dividend: $5.56
Payout ratio: 0.45
Frequency: Quarterly
Share price: $273.79
Market cap: $163B

Is UNP a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is below the market median2.03% against a median of 2.92%. A lower yield is common among companies that reinvest more of their earnings or whose shares have risen.
Dividend is comfortably coveredA payout ratio of 0.45 means roughly 45% of earnings go to the dividend, leaving room to keep paying through a weaker year.
Dividend has been cut 4 timesAcross 46 complete years, the annual total fell in 1984, 1988, 1998 and earlier. The most recent reduction was in 1998.
Raised for 19 consecutive yearsA long record of increases suggests both the cash generation to fund them and a management commitment to maintaining them. This figure is derived from payment history and is approximate.

UNP dividend history

Annual dividend per share, 1980 to 2025.

Peak $5.44 in 2025Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for UNP, most recent first.
Ex-dividend date	Pay date	Amount	Type
August 31, 2026	September 30, 2026	$1.4200	Quarterly
May 29, 2026	June 30, 2026	$1.3800	Quarterly
February 27, 2026	March 31, 2026	$1.3800	Quarterly
December 5, 2025	December 30, 2025	$1.3800	Quarterly
August 29, 2025	September 30, 2025	$1.3800	Quarterly
May 30, 2025	June 30, 2025	$1.3400	Quarterly
February 28, 2025	March 31, 2025	$1.3400	Quarterly
December 9, 2024	December 30, 2024	$1.3400	Quarterly
August 30, 2024	September 30, 2024	$1.3400	Quarterly
May 31, 2024	June 28, 2024	$1.3000	Quarterly
February 28, 2024	March 29, 2024	$1.3000	Quarterly
December 7, 2023	December 28, 2023	$1.3000	Quarterly
August 30, 2023	September 29, 2023	$1.3000	Quarterly
May 30, 2023	June 30, 2023	$1.3000	Quarterly
February 27, 2023	March 31, 2023	$1.3000	Quarterly
December 16, 2022	December 29, 2022	$1.3000	Quarterly
August 30, 2022	September 30, 2022	$1.3000	Quarterly
May 27, 2022	June 30, 2022	$1.3000	Quarterly
February 25, 2022	March 31, 2022	$1.1800	Quarterly
December 17, 2021	December 30, 2021	$1.1800	Quarterly
August 30, 2021	September 30, 2021	$1.0700	Quarterly
May 27, 2021	June 30, 2021	$1.0700	Quarterly
February 25, 2021	March 31, 2021	$0.9700	Quarterly
November 27, 2020	December 30, 2020	$0.9700	Quarterly
August 28, 2020	September 30, 2020	$0.9700	Quarterly
May 28, 2020	June 30, 2020	$0.9700	Quarterly
February 27, 2020	March 31, 2020	$0.9700	Quarterly
November 27, 2019	December 30, 2019	$0.9700	Quarterly
August 29, 2019	September 30, 2019	$0.9700	Quarterly
May 30, 2019	June 28, 2019	$0.8800	Quarterly
February 27, 2019	March 29, 2019	$0.8800	Quarterly
November 29, 2018	December 28, 2018	$0.8000	Quarterly
August 30, 2018	September 28, 2018	$0.8000	Quarterly
May 30, 2018	June 29, 2018	$0.7300	Quarterly
February 27, 2018	March 30, 2018	$0.7300	Quarterly
November 29, 2017	December 28, 2017	$0.6650	Quarterly
August 29, 2017	September 29, 2017	$0.6050	Quarterly
May 26, 2017	June 30, 2017	$0.6050	Quarterly
February 24, 2017	March 31, 2017	$0.6050	Quarterly
November 28, 2016	December 29, 2016	$0.6050	Quarterly

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Frequently asked questions

Does UNP pay a dividend?: Yes. Union Pacific Corporation pays a quarterly dividend, currently yielding 2.03% based on trailing twelve-month payments of $5.56 per share.
How much does UNP pay in dividends?: $5.56 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next UNP ex-dividend date?: No upcoming ex-dividend date is currently on record for UNP. Dates appear here once the company declares them.