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Union Pacific increases dividend 17 pct.


Published : Tue, 30 Jan 2007 21:54
By : Agencies
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OMAHA, Neb. (AFX) - Union Pacific Corp., the nation's largest railroad operator, said Tuesday its board of directors approved a 17 percent increase in the company's quarterly dividend.

The company said it will pay a dividend of 35 cents per share April 2 to stockholders of record Feb. 28.

Union Pacific shares rose $1.21, or 1 percent, to $96.77 in afternoon trading on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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