Union Pacific 2012 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2012 Union Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

19
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 prices of our common stock for each
of the indicated quarters.
2012 - Dollars Per Share Q1 Q2 Q3 Q4
Dividends $ 0.60 $ 0.60 $ 0.60 $ 0.69
Common stock price:
High 117.40 119.82 129.27 128.38
Low 104.77 104.08 115.38 116.06
2011 - Dollars Per Share Q1 Q2 Q3 Q4
Dividends $ 0.38 $ 0.475 $ 0.475 $ 0.60
Common stock price:
High 99.50 105.60 107.89 106.60
Low 90.66 92.80 79.58 77.73
At February 1, 2013, there were 469,298,732 shares of common stock outstanding and 32,519 common
shareholders of record. On that date, the closing price of the common stock on the NYSE was $133.96.
We have paid dividends to our common shareholders during each of the past 113 years. We declared
dividends totaling $1,180 million in 2012 and $938 million in 2011. On November 15, 2012, we increased
the quarterly dividend to $0.69 per share, payable beginning on January 2, 2013, to shareholders of
record on November 30, 2012. 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 $15.1 billion at December 31, 2012, from $13.8 billion at December 31, 2011.
(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 2013.
Comparison Over One- and Three-Year Periods – The following table presents the cumulative total
shareholder returns, assuming reinvestment of dividends, over one- and three-year periods for the
Corporation (UNP), a peer group index (comprised of CSX Corporation and Norfolk Southern
Corporation), the Dow Jones Transportation Index (DJ Trans), and the Standard & Poor’s 500 Stock
Index (S&P 500).
Period UNP Peer Group DJ Trans S&P 500
1 Year (2012) 21.2 % (8.6) % 7.5 % 16.0 %
3 Year (2010-2012) 108.6 28.7 36.3 36.3