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Union Pacific Corp Announces New Share Repurchase Authorization; Declares Fourth Quarter Dividend


Thursday, 21 Nov 2013 12:15pm EST 

Union Pacific Corp announced that its Board of Directors approved the early renewal of its share repurchase program, authorizing the repurchase of up to 60 million common shares by December 31, 2017. This new authorization is effective January 1, 2014 and replaces the current authorization, which will now expire on December 31, 2013, three months earlier than its original expiration date. The new four year authorization allows for the repurchase of another 13% of current outstanding shares. In addition, the Board has declared a quarterly dividend of $0.79 per share on the Company's common stock, payable January 2, 2014, to shareholders of record as of December 3, 2013. 

Company Quote

107.01
-0.7 -0.65%
12 Sep 2014