Union Pacific Corporation (UNP)
The Board of Directors of the Union Pacific Corporation (UNP) have authorized a two-for-one split of the companies stock. Shareholders on record as of May 27th, 2014 will receive an additional share for every share they own, to be distributed as a dividend on June 6th. In the same announcement the company also said it will be distributing a cash dividend of 0.91 cents per share (0.455 post split) on its common stock. It’s the same amount that UNP paid last quarter and the company has now paid dividends on its stock for 115 years.