Union Pacific Corporation(UNP) Declares Quarterly Dividend of 27 Cents a Share

The Board of Directors of Union Pacific Corporation (NYSE: UNP - Quote) has declared a quarterly dividend of 27 cents per share on its common stock, payable July 1, 2009 to stockholders of record May 29, 2009.

Union Pacific has paid dividends on its common stock for 110 consecutive years.

Union Pacific operates the largest railroad in North America, covering 23 states in the western 2/3rds of the country. The ex-dividend date is may 27th, you must on the stock one day prior to ex-dividend date to receive the dividend.

In other UNP news :

Union Pacific Railroad plans to spend $15 million on track improvements to its line from St. Louis to Poplar Bluff, Mo.

When the project is complete, crews will have removed and installed 90,000 ties, spread 28,000 tons of rock ballast to ensure a stable roadbed, renewed the road surfaces at 60 crossings and nearly three miles of rail in various curves, Union Pacific said Tuesday. Crews replaced the crossing surfaces January through April.

The tie replacement project began April 25 and is scheduled to be completed by the end of July.

Disclosure I am long UNP shares in my Railroad Folio.