Union Pacific Announces Dividend Increase By 25% to $0.475

Union Pacific Corporation UNP announced that its Board of Directors voted today to increase the quarterly dividend on the company's common shares by 25 percent to 47.5 cents per share. The increased dividend is payable July 1, 2011, to stockholders of record on May 31, 2011. The Board also approved an additional $100 million of growth capital spending in 2011, increasing the full year capital investment plan to $3.3 billion.