Union Pacific Corporation
UNPIndustrials · Stock · quarterly payer
Forward Yield
2.03%
Annual Dividend
$5.68
Payout Ratio
45%
5-Yr Growth
7.0%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Union Pacific Corporation (UNP) yields 2.03% ($5.68 per share annually), with a blended fair-value estimate of $190.67 — -32% downside, so it screens as overvalued. Dividend safety grade: A (90/100). 19 years of dividend growth.
Is UNP a good dividend stock?
YesUnion Pacific Corporation (UNP) pays a quarterly dividend yielding 2.03% ($5.68/yr), with 19 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 19 consecutive years of dividend growth
- Comfortable payout ratio (45%)
- Strong 7.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1998
Key Data
- Dividend Yield
- 2.03%
- Payout Ratio
- 45%
- Annual Dividend
- $5.68
- 5-Yr Avg Growth
- 7.0%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 19
- Frequency
- quarterly
- Beta
- 0.97
- Market Cap
- $166.0B
- P/E Ratio
- 22.6
- 5-Yr Total Return
- 16%
- 52-Week Range
- $215.53 – $315.99
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (1998)
Frequently Asked Questions
UNP Price — Last 12 Months
Daily close
Price Return
1 Year
+27%
3 Years
+35%
5 Years
+16%
52-Week Range
$215.53 – $315.99
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UNP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Union Pacific Corporation is $190.67 per share, versus a market price of $279.37. That implies 32% of downside.
Fair Value
$190.67
Current Price
$279.37
Downside
-32%
Margin of Safety
-47%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 10.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.1% discount rate (CAPM), 10.9% stage-1 growth, 2.5% terminal growth, $12.35 EPS, $5.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UNP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $1.4200 | regular |
| May 29, 2026 | — | $1.3800 | regular |
| Feb 27, 2026 | — | $1.3800 | regular |
| Dec 5, 2025 | — | $1.3800 | regular |
| Aug 29, 2025 | — | $1.3800 | regular |
| May 30, 2025 | — | $1.3400 | regular |
| Feb 28, 2025 | — | $1.3400 | regular |
| Dec 9, 2024 | — | $1.3400 | regular |
| Aug 30, 2024 | — | $1.3400 | regular |
| May 31, 2024 | — | $1.3000 | regular |
| Feb 28, 2024 | — | $1.3000 | regular |
| Dec 7, 2023 | — | $1.3000 | regular |
| Aug 30, 2023 | — | $1.3000 | regular |
| May 30, 2023 | — | $1.3000 | regular |
Income Calculator
At $5.68 / yr per share
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