Omaha, Neb., July 29, 2010 – The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 33 cents per share on its common stock, payable October 1, 2010, to stockholders of record August 31, 2010.

Union Pacific has paid dividends on its common stock for 111 consecutive years.

Union Pacific Corporation owns one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country. Union Pacific serves many of the fastest-growing U.S. population centers and provides Americans with a fuel-efficient, environmentally responsible and safe mode of freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad emphasizes excellent customer service and offers competitive routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada's rail systems and is the only railroad serving all six major gateways to Mexico, making it North America's premier rail franchise.


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