Union Pacific 2010 Annual Report Download - page 20

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20
PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer
Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange (NYSE) under the symbol “UNP”. The
following table presents the dividends declared and the high and low closing prices of our common stock
for each of the indicated quarters.
2010 - Dollars Per Share Q1 Q2 Q3 Q4
Dividends $ 0.27 $ 0.33 $ 0.33 $ 0.38
Common stock price:
High 74.35 78.61 83.08 95.78
Low 60.41 65.99 66.84 79.32
2009 - Dollars Per Share Q1 Q2 Q3 Q4
Dividends $ 0.27 $ 0.27 $ 0.27 $ 0.27
Common stock price:
High 54.66 55.45 64.75 66.73
Low 33.28 39.82 47.47 54.20
At January 28, 2011, there were 491,001,416 shares of outstanding common stock and 33,537 common
shareholders of record. On that date, the closing price of the common stock on the NYSE was $93.54.
Through December 31, 2010, we have paid dividends to our common shareholders during each of the
past 111 years. We declared dividends totaling $653 million in 2010 and $544 million in 2009. On May 6,
2010, we increased the quarterly dividend to $0.33 per share, payable beginning on July 1, 2010, to
shareholders of record on May 28, 2010. On November 18, 2010, we increased the quarterly dividend for
a second time to $0.38 per share, payable beginning January 3, 2011 to shareholders of record on
November 30, 2010. We are subject to certain restrictions regarding retained earnings with respect to the
payment of cash dividends to our shareholders. The amount of retained earnings available for dividends
increased to $12.9 billion at December 31, 2010, from $11.6 billion at December 31, 2009. (See
discussion of this restriction in Management’s Discussion and Analysis of Financial Condition and Results
of Operations – Liquidity and Capital Resources, Item 7.) We do not believe the restriction on retained
earnings will affect our ability to pay dividends, and we currently expect to pay dividends in 2011
comparable to 2010.
Comparison Over One- and Three-Year Periods – The following table presents the cumulative total
shareholder returns, assuming reinvested dividends, over one- and three-year periods for the
Corporation, a peer group index (comprised of CSX Corporation and Norfolk Southern Corporation), the
Dow Jones Transportation Index (Dow Jones), and the Standard & Poor’s 500 Stock Index (S&P 500).
Period UPC Peer Group Dow Jones S&P 500
1 Year (2010) 47.6% 29.0% 26.8% 15.1%
3 Year (2008-2010) 55.7 44.2 18.1 (8.3)