Union Pacific Corporation Declares Quarterly Dividend of 27 Cents a Share

OMAHA, Neb.--(Business Wire)--
The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a
quarterly dividend of 27 cents per share on its common stock, payable October 1,
2009 to stockholders of record August 31, 2009.

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

Union Pacific Corporation owns one of America`s leading transportation
companies. Its principal operating company, Union Pacific Railroad, links 23
states in the western two-thirds of the country. Union Pacific serves many of
the fastest-growing U.S. population centers and provides Americans with a
fuel-efficient, environmentally responsible and safe mode of freight
transportation. Union Pacific`s diversified business mix includes Agricultural
Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The
railroad emphasizes excellent customer service and offers competitive routes
from all major West Coast and Gulf Coast ports to eastern gateways. Union
Pacific connects with Canada`s rail systems and is the only railroad serving all
six major gateways to Mexico, making it North America`s premier rail franchise.

Union Pacific Corporation
Investors:
Jennifer Hamann, 402-544-4227
or
Media:
Donna M. Kush, 402-544-3753

Copyright Business Wire 2009