Union Pacific named to admired companies list, announces dividends and shares buyback
February 4th, 2022
February 4, 2022 - TRA Newswire -
Union Pacific Railroad has again been named to Fortune magazine's World's Most Admired Companies list and is the highest ranked railroad in the Trucking, Transportation and Logistics category. The magazine's annual World's Most Admired list will be published in the February/March 2022 edition, available on newsstands Feb. 7.
Scoring is based on the following reputational attributes identified by Fortune:
Innovation
People management
Use of corporate assets
Social responsibility
Quality of management
Financial soundness
Long-term investment value
Quality of products/services
Global competitiveness
“Union Pacific's Fortune ranking is a reflection of our dedicated employees and their commitment to delivering value to our customers, communities and shareholders,” said Lance Fritz, chairman, president and chief executive officer. “This recognition highlights the steps we have made to operate a safe and efficient railroad that continues to serve our key stakeholders with excellence.”
Fortune's research partner, Korn Ferry, surveyed executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent from a list that began with approximately 1,500 international and domestic companies.
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The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of $1.18 per share on the company's common stock, payable March 31, 2022, to shareholders of record February 28, 2022. Union Pacific has paid dividends on its common stock for 123 consecutive years.
The Board today also approved a new share repurchase authorization, enabling the Company to buy up to 100 million of its common shares by March 31, 2025. The new authorization is effective April 1, 2022, and replaces the current authorization, which will expire on March 31, 2022.
Since announcing its share repurchase program in January 2007, the Company has repurchased 499 million of its outstanding common shares at a total cost of $48.2 billion, through December 31, 2021, with an average purchase price of $96.57 per share.
The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.
Union Pacific Railroad has again been named to Fortune magazine's World's Most Admired Companies list and is the highest ranked railroad in the Trucking, Transportation and Logistics category. The magazine's annual World's Most Admired list will be published in the February/March 2022 edition, available on newsstands Feb. 7.
Scoring is based on the following reputational attributes identified by Fortune:
Innovation
People management
Use of corporate assets
Social responsibility
Quality of management
Financial soundness
Long-term investment value
Quality of products/services
Global competitiveness
“Union Pacific's Fortune ranking is a reflection of our dedicated employees and their commitment to delivering value to our customers, communities and shareholders,” said Lance Fritz, chairman, president and chief executive officer. “This recognition highlights the steps we have made to operate a safe and efficient railroad that continues to serve our key stakeholders with excellence.”
Fortune's research partner, Korn Ferry, surveyed executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent from a list that began with approximately 1,500 international and domestic companies.
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The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of $1.18 per share on the company's common stock, payable March 31, 2022, to shareholders of record February 28, 2022. Union Pacific has paid dividends on its common stock for 123 consecutive years.
The Board today also approved a new share repurchase authorization, enabling the Company to buy up to 100 million of its common shares by March 31, 2025. The new authorization is effective April 1, 2022, and replaces the current authorization, which will expire on March 31, 2022.
Since announcing its share repurchase program in January 2007, the Company has repurchased 499 million of its outstanding common shares at a total cost of $48.2 billion, through December 31, 2021, with an average purchase price of $96.57 per share.
The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.